Cheadle Chartered Accountants » NI http://staffordshireaccountants.com/news Charted Accountants & Business Advisors Tue, 22 Nov 2011 09:49:05 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 New tax year, new tax rates http://staffordshireaccountants.com/news/new-tax-year-new-tax-rates.html http://staffordshireaccountants.com/news/new-tax-year-new-tax-rates.html#comments Wed, 08 Apr 2009 09:37:12 +0000 Alistair http://www.cheadle-accounts.com/news/?p=17 The new tax rate bandwidths are as follows:

  • Basic Rate (currently 20%) on all taxable income from £1 to £37400
  • Higher rate (currently 40%) on all taxable income over £37400
  • The income tax personal allowance has increased from £6035 to £6475 for 2009/2010.

Please note employee & employer national insurance is payable on income over £5715.

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