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| *The Commerce Journal>>>United Kingdom Taxes |
Question on new 10p saving rate of tax posted about 2 hours ago? |
the new tax year done away with the 10p rate of tax.But the tax man set up a new rate of tax for savings for the very first time.Allowance is 10p for the first 拢2232.00 after that it is 20p in the pound.Not all people will get this .If anyone knows about this new tax rate I wanted to know if I would get it as my personal allowance is under the rate for paying tax thank you Scotty This is not a new tax rule - it is just a continuation of the old rule which used to run in parallel to the 10% income tax band. Thank you for bringing this to our attention. Have looked at www.hmrc.uk/tax rates, and it appears to be only applicable to people who have interest, and their other income doesn't take them into the tax bracket of 20%. |
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