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DAVID J. COX Accountant & Tax Consultant Local addresses 76 Milfoil Drive Eastbourne BN23 8BN and 3-4 Devonshire Terrace Broadstairs CT10 1HH Telephone 01323 412191 Lo-cal No 0845 6120480 mailto:david@davidjcox.co.uk Fax No 01323 400070 OPEN MONDAYS TO FRIDAYS 10.00 AM TO 7.00 PM AND SATURDAYS 8.00 AM TO 6.00 PM
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| INCOME TAX ALLOWANCES 2006/2007 | |
| Personal allowance | 5035.00 |
| Aged 65-74 | 7280.00 |
| Aged 75 and over | 7420.00 |
| Income limit 20100 | |
| Married couple 65 - 74 @ 10% | 6065.00 |
| Married couple 75 or more @ 10% | 6135.00 |
| Minimum married couple's allowance @ 10% | 2350.00 |
| INCOME TAX RATES | |
| At 10% on £ | 2150.00 |
| At 22% on £ | 31150.00 |
| At 40% on amount in excess of £33300 | |
| CLASS 4 NIC | |
| CHARGEABLE on Profits up to £33540 | 33540.00 |
| Exempt | 5035.00 |
| Class 4 NIC @ 8.0% on excess of profits over exemption | 28505.00 |
| Class 4 NIC @ 1.0% on excess over £33540 | |
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