Budget – taxes and allowances


7 March 2001



Budget – taxes and allowances


IN ASSOCIATION WITH


Grant Thornton











































Tax Rates and Bands 2000/01 taxable income
(£)
2001/02
Lower rate (10%) 0 – 1520 0 1880
Basic rate (23%)
dropping to 22% in 2000/01
1521 -28,400 1881 – 29,400
Higher Rate (40%) over 28,400 over 29,400
Allowances
Personal Allowance 4385 4535
Married Couple Allowance*
*Over 65 only
5185 5365
Childrens tax credit (CTC) 5200 at 10%
Newborn CTC for year one 5200 at 10%

IN ASSOCIATION WITH


Grant Thornton


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