Rebecca Cave believes the 2016/17 income tax rates are far too complex to explain easily.
It should be possible to explain to an ordinary taxpayer what tax rate they will pay without resorting to detailed questionnaires and calculators.
That won’t be possible following the changes introduced by the Finance Bill 2016.
The changes to personal tax rates are so convoluted that people drafting the Finance Bill felt it necessary to include a table to summarise them.
Here it is:
Rates payable on:
Type of taxpayer:
About Rebecca Cave
Consulting tax editor for Accountingweb.co.uk. I also co-author several annual tax books for Bloomsbury Professional and write newsletters for other publishers.