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Friday, 08 August 2008
Tax and NI -
Article Index
Tax and NI
Different Taxes
Are You Self-employed?
Income Tax
Tax for the Self-employed
Corporation Tax
Expenses
Handle with Care
Capital Allowances
Cars and Tax
Pre-trading Expenses
Non-taxable Income
Losses
National Insurance
Capital Gains
Paying Less Tax
Other Tax Opportunities
The 2007/08 Tax Year
Next Steps

Tax and NI

3. Income Tax

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3.1 There are currently three income tax bands (for the income tax year from 6 April 2008 to 5 April 2009):

taxable income (£)tax rate1-34,80020%Over 34,80040%

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.
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