Budget Report 16 March 2016
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget
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Financi |
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On chargeable gains | 2016/17 |
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Total taxable income and gains | |
Up to £ |
Income tax | 2016/17 | 2015/16 |
---|---|---|
Basic rate band – income up to | £32,000 | £31,78 |
From | 1 April 2016 |
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Standard rate | 20% |
VAT fraction | 1/6 |
Reduced Rate | 5% |
Current Turnover Lim |