Budget - taxes and allowances - Farmers Weekly

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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

    Read more on:
  • News

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

    Read more on:
  • News
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