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the savings income starting rate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › the savings income starting rate

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  • August 8, 2016 at 8:50 am #331918
    dalelsg1012
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    There was a tax rate of 10% for savings income up to 2,880 pounds in FA2014.

    is it gone in FA2015?

    Thanks

    August 8, 2016 at 10:07 am #331967
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Yes it has gone and we now have a zero rate!. You MUST read the FA 2015 update technical article written by the examining team which is on the ACCA website. I would also suggest using the OT material provided for you.

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