News for the New Tax Year 2010-2011
publication date: Mar 3, 2010
Income Tax allowances
These will remain at their 2009-10 levels, which means that the personal allowance will remain at £6,475 and the tax code for emergency use is 647L.
Income Tax Bands and Rates
2010-11
Basic rate: 20%
£0-£37,400
Higher rate: 40%
£37,401-£150,000
Additional rate: 50%
Over £150,000
National Insurance contributions (NICS) earnings limits and thresholds
The only change to Class 1 National Insurance limits and thresholds for the 2010-11 tax year is an increase to the Lower Earnings Limit from £95 per week to £97 a week.