Press RoomSpecialist Tax News

Tax bands

The basic rate limit is £32,010 for 2013/14 and £31,865 for 2014/15. This means that if you are a 40% taxpayer (if taxable income does not exceed £100,000) you will only partially benefit from the increase in personal allowance.

The 45% band for 2013/14 applies to taxable income over £150,000.

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