Information from: A Graham & Co, Chartered Accountants, Inverness   01463 714022

Income Tax RatesTax Year 2003-04Tax Year 2002-03Tax Year 2001-02
10%* on first1,9601,9201,880
22%* from/to1,961 - 30,5001,921 - 29,9001,881 - 29,400
40% on the balance (i.e. income over)30,50029,900129,400
*Applies to earned income and Bank and
Building Society interest.
** Only applies to earned income.
Dividend and savings income taxed at 20%
for basic rate taxpayers

© A Graham & Co, 1994 - 2003