CH 2 - Calculating the Income Tax Liability Flashcards
1
Q
What are main rates in 2023/24
A
- First £37,700 at 20% (basic rate) = £7,540
- Next £87,440 at 40% (higher rate) = £34,976
- Rest at 45% (additional rate)
PT 2024 > CH 2 - Calculating the Income Tax Liability > Flashcards
What are main rates in 2023/24