New taxation rules

Discussion in 'SA5' started by Edwin, Feb 27, 2015.

  1. Edwin

    Edwin Member

    From 6 April 2015 the starting rate of tax for savings income (such as bank or building society interest) will be reduced from 10% to 0% per cent and the maximum amount of taxable savings income that can be eligible for this starting rate will be increased from 2,880 to 5,000.

    Given that the 6 April is before out exam, why doesn't the core-reading reflect this?
     
    Last edited by a moderator: Feb 27, 2015
  2. Colin McKee

    Colin McKee ActEd Tutor Staff Member

    The core reading is written at a certain time, and the examiners take a sensible approach when rates and allowances change between times.
     

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