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2010-2011 tax year
chirpchirp
Posts: 1,983 Forumite
in Cutting tax
Does anyone know how tax is calculated for that year?
Once the basic allowance amount was reached was it then taxed at 20% up to the next rate? Was there not a 10p rate of tax as well that year?
Grateful for any help.
Once the basic allowance amount was reached was it then taxed at 20% up to the next rate? Was there not a 10p rate of tax as well that year?
Grateful for any help.
0
Comments
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One of good old Gordon's last acts as chancellor was to abolish this in the 2007 budget. The furore that followed resulted in the personal allowance being increased. The 10% band still exists for savings income only.0
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Google knowschirpchirp wrote: »Does anyone know how tax is calculated for that year?
http://www.hm-treasury.gov.uk/d/rates_thresholds_tables.pdf".....where it is corrupt, purge it....."0
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