TEL: 0845 371 4554
FAX: 0845 371 4555
Bolland & Burke Chartered Accountants - a wealth of knowledge at your disposal
| Income Tax | 2011-12 | 2010-11 |
| Basic Rate Band Basic Rate Band | £35,000 | £37,400 |
| Tax rate | 20% | 20% |
| Dividend - Ordinary Rate | 10% | 10% |
| Higher Rate Band | £35,001 - £150,000 | £37,401 - £150,000 |
| Higher Tax Rate | 40% | 40% |
| Dividend - Higher Rate | 32.5% | 32.5% |
| Additional Rate Band | Over £150,000 | Over £150,000 |
| Additional Tax Rate | 50% | 50% |
| Dividend Additional Tax Rate | 42.5% | 42.5% |
| Income Tax Allowances | 2020208-20200089 | ||
| Allowances that reduce Taxable Income | 2011-12 | 2010-11 | |
| Personal Allowance | Under 65 | £7,475 | £6,475 |
| Personal Allowance | 65 to 74 | £9,940 | £9,490 |
| Personal Allowance | 75 and over | £10,090 | £9,640 |
| Blind Persons Allowance | £1,980 | £1,890 | |
| Allowances that reduce Tax | |||
| Married Couples Allowance (MCA) | 77 and over | £729.50 | £696.50 |
© 2008-2009 Bolland & Burke Accountants. All rights reserved.
2nd Floor, 11 Rutland Street, Edinburgh. EH1 2DQ | Tel: 0845 371 4554
Age Related Allowances are reduced by £1 for each £2 of income above £24,000 [2010/11 £22,900], until the minimum of £7,475 [2010/11 £6,475] is reached. The minimum personal allowance is reduced by £1 for each £2 of income from £100,000 to £114,950.
Please Note: The figures in this tax guide are for guidance only. Professional advice should be obtained before acting on the information and no responsibility can be accepted for any loss however caused resulting from actions taken or not-taken as a result of the information on this page.
© 2008 Bolland & Burke Accountants. All rights reserved.
119 Bruntsfield Place, Edinburgh EH10 4EQ | Tel: 0845 371 4554
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