Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Principles of Taxation > Chapter 2 - 3.1 - Calculation of Income Tax on Non-Savings Income > Flashcards

Chapter 2 - 3.1 - Calculation of Income Tax on Non-Savings Income Flashcards

1
Q

What is the income tax rate 2023/2024 for non-savings income for the BRB?

A

Basic rate band
£0 - £37,700 = 20%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is the income tax rate 2023/2024 for non-savings income for the HRB?

A

Higher rate band
£37,701 - £125,140 = 40%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the income tax rate 2023/2024 for non-savings income for the ARB?

A

Additional rate band
£125,140+ = 45%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Principles of Taxation (131 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions