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More importantly the starting rate of 10% is abolished from the same date. (In the tax year 2007-2008 the first £2230 of taxable income is taxed at 10%.) ......
Chartered Accountants, Tax planning, Outsouring, Audit, Bookkeeping
The income of the previous year is assessed to tax in an assessment year ... Question-6 : What are income tax rates for the A.Y. 2006-2007 and 2007-2008 ? ......