Basic Rate of Income Tax

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Basic Rate of Income Tax Income Tax Taxable Income UK Taxation Tax Bands 20% Tax Rate HMRC

In the UK, the basic rate of income tax is the lower band of income tax rates, currently set at 20%. This rate applies to the first £32,000 of taxable income for the 2016-2017 tax year.

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Definitions

Dividend Tax

Dividend Tax UK Taxation Dividends Tax Rates Basic Rate of Income Tax Higher Rate of Income Tax Additional Rate Taxpayers

A comprehensive guide to understanding the Dividend Tax in the UK, which was introduced in April 2016 to replace the previous tax credit system.