Contractors Archives - Page 2 of 2 - Martax Accountants

Taxable Income bands and corresponding rates 2015/16 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income 0% 0% Dividend ordinary rate (effective rate with tax credit) 0% 0% Dividend higher rate (effective rate with tax credit) 32.5% (25%) 32.5% Dividend additional rate (effective rate with tax