2006/07: Tax Calculation Guide

The box numbers referred to in this guide correspond with the box number entries on Tax Calculation Guide (SA151W).

Income
Income from Employments and Directorships (PAYE) minus expenses / from page 3
Ministers of Religion / from page 3
Income from Self-Employment (as a sole trader) / from page 3
Income from Partnerships / from page 3
Income from UK Land and Property / from page 3
Income from UK Interest (before tax) / w21
UK Dividends and tax credits / w33
Income from UK Pensions and Benefits / from page 3
Other Income / from page 3
Total Income / w1+w21
+w33
Deductions and allowances
Losses / from page 3
Personal Pension Payments / from page 3
Loan Interest Payments / from page 3
Other deductions / from page 3
Personal Allowance / 5035
Age Related Allowance / w3
Blind Persons Allowance / from page 3
Blind Persons Surplus Allowance from Spouse / from page 3
Total Deductions and Allowances / w5
Taxable Income / w8+w23
+w35
Non savings income @ 10% on / w10 is / w11
Non savings income @ 22% on / w17 is / w18
Non savings income @ 40% on / w19 is / w20
Savings income (other than dividend income) @ 10% on / w25 is / w26
Savings income (other than dividend income) @ 20% on / w29 is / w30
Savings income (other than dividend income) @ 40% on / w31 is / w32
Dividend income @ 10% on / w37 +w41 is / w38 +w42
Dividend income @ 32.5% on / w43 is / w44
Taxable Income / w8+w23
+w35
Income Tax Due / w48
Less Venture Capital Trust relief
Less Enterprise Investment Scheme relief
Less Community Investment Tax Relief / w50 @ 30% =
w52 @ 20% =
w54 @ 5% = / w51
w53
w55
Less Allowances which reduce tax
Maintenance and alimony paid / w56
Married Couples Allowances / w57
Surplus Married Couples Allowance from spouse / w58
Total / w59 @ 10% = / w60
Total Allowances that reduce tax / w61
Income Tax due after Allowances and Reliefs (A) / w62
Tax due on Gift Aid Payments (B) / w63 @ 22% = / w64
Income Tax Due - Higher of (A) or (B) / w65
Minus non-payable tax credits on Dividends / w73
plus Class 4 National Insurance Contributions / w75
Income Tax and Class 4 National Insurance Contributions / w76
plus Unpaid Tax for earlier years coded out in this year / w77
Plus Student Loan repayments / w78
less tax deducted at source from Employment and Directorships (PAYE) / from page 9
less tax deducted at source as a Minister of Religion / from page 9
less tax deducted at source from Self Employment (as a sole trader) / from page 9
less tax deducted at source from Partnerships / from page 9
less tax deducted at source from UK Land and Property / from page 9
less tax deducted at source from UK Interest / from page 9
less tax deducted at source from UK Pensions / from page 9
less tax deducted at source from Other income / from page 9
Total tax deducted at source / w80
less Unpaid Tax in Code for later Year / w81
Income Tax and National Insurance Contributions Due / w83
plus tax already refunded in the year / w85
plus tax unpaid for earlier years / w86
Total Tax and Class 4 National Insurance Contributions Due / w87