Sentences with phrase «additional rate taxpayer»

While full reimbursement is clearly preferable, tax relief on employment expenses at least returns a fraction (20 per cent, 40 per cent or 45 per cent, depending on whether the employee is a basic, higher or additional rate taxpayer) of the cost of the expense to the employee.

The basic rate of CGT is 18 % with a higher rate of 28 % for higher and additional rate taxpayers, trustees and personal representatives.

Not exact matches

If that rate holds, that means an eventual $ 61 billion additional, annual interest cost to taxpayers.

In addition to Marriage Allowance and pension relief at source, the agreement also confirms that Gift Aid will continue to be paid to charities at the basic rate, with Scottish taxpayers able to claim the correct amount of additional relief on top of this.

«So we're imposing additional costs on the communities that would have gotten these monies at a low interest rate, and their property taxpayers are going to have to pay more for the projects that they need to do.»

Taxpayers in the highest tax bracket will pay a 20 % capital gain rate plus an additional 3.8 % Medicare surtax (Patient Protection and Affordable Care Act).

If passed, the bill would force Fannie Mae and Freddie Mac to refinance non-Fannie Mae or Freddie Mac loans, and to price in the additional risk into the interest rate so that the program would not cost taxpayers anything.

Beginning in 2013, higher - income taxpayers will pay an additional 3.8 %, presumably increasing the overall rate of tax on capital gains to 23.8 %.

This is because most savings interest now falls under the personal savings allowance (PSA), which allows basic - rate taxpayers to earn up to # 1,000 tax free (higher rate # 500, additional rate # 0) in interest income each tax year.

After that, you'll pay tax on your dividend income at 7.5 % if you're a basic - rate taxpayer, 32.5 % for higher - rate and 38.1 % for additional - rate.

While the newly operational tax law lowers the corporate tax rate and changes the tax bracket thresholds for some taxpayers, it also eliminates other deductions that offered additional tax savings for individuals and families.

While all California homeowners pay 1 percent of their homes» assessed value as the basic property tax, rates grow when there are additional taxes that have been voted into existence by taxpayers, such as school, library and hospital bonds.