A Graham & Co CA - Income Tax Rates

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

Income Tax Rates Tax Year 2003-04 Tax Year 2002-03 Tax Year 2001-02

10%* on first Ł1,960 Ł1,920 Ł1,880

22%* from/to Ł1,961 - Ł30,500 Ł1,921 - Ł29,900 Ł1,881 - Ł29,400

40% on the balance (i.e. income over) Ł30,500 Ł29,900 Ł129,400

*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

Income Tax Rates	Tax Year 2003-04	Tax Year 2002-03	Tax Year 2001-02
10%* on first	Ł1,960	Ł1,920	Ł1,880
22%* from/to	Ł1,961 - Ł30,500	Ł1,921 - Ł29,900	Ł1,881 - Ł29,400
40% on the balance (i.e. income over)	Ł30,500	Ł29,900	Ł129,400

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