The changes to personal tax rates are so convoluted that people drafting the Finance Bill felt it necessary to include this table to summarise them:
|
Rates payable on: |
|||
| Type of taxpayer: | Savings income | Most dividend income | Other income |
| UK resident who is neither Scottish nor Welsh taxpayer | Savings rates | Dividend rates | Main rates |
| Scottish taxpayer | Savings rates | Dividend rates | Scottish rates |
| Welsh taxpayer | Savings rates | Dividend rates | Main rates while s11B is not in force; Welsh rates if so |
| Non-UK resident individual | Savings rates | Dividend rates | Default rates |
| Non-individual, except trustees in some circumstances, who are subject to trust rate or dividend trust rate | Default basic rate | Dividend ordinary rate | Default basic rates |
So much for tax simplification!