Income tax on an individual's income up to the basic rate limit1 is charged at the basic rate2 (except to the extent that it is charged at the starting rate for savings). An individual's income above the basic rate limit is charged at the higher rate3. Tax is charged at the additional rate4 on an individual's income above the higher rate limit5. Income is also charged at the basic rate on the income of persons other than individuals6.
Income tax is charged at the starting rate for savings
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234