BRITISH INCOME TAX
LONDON, June 1. Eleven millions of arrears of the income tax for 1909-10 were collected in May. The resolution authorising the collection of income tax for the year April 1, 1909-March 31, 1910, was passed by the House of Commons in April. The rates of the new tax are : Rate per pound. s. d. Unearned income dividends) ... ... 1 2 Earned income up to £2OOO 0 9 Earned income, £2OOO-£3OOO 1 0 All income over £3OOB 1 2 All income over £SOOO, super-tax on every pound over £3OOO 0 6 The usual abatements apply to residents in the United Kingdom up to £7OO. and an extra abatement of £lO is allowed for every child under 16 from incomes under £SOO
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https://paperspast.natlib.govt.nz/newspapers/OW19100608.2.109
Bibliographic details
Otago Witness, Issue 2934, 8 June 1910, Page 26
Word Count
122BRITISH INCOME TAX Otago Witness, Issue 2934, 8 June 1910, Page 26
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