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Tax and NI
3. Income Tax
3.1 There are currently three income tax bands (for the income tax year from 6 April 2010 to 5 April 2011):
taxable income (£)tax rate1-35,00020% 35,000-£150,000 40% Over £150,00050%3.2 If you are a company employee, you pay income tax every time you are paid. This is called PAYE - Pay As You Earn.
- The tax year runs from 6 April to 5 April.
Labels: Tax
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