i have little understanding of the intricacies of tax, so i'd be interested to hear the thoughts of some of the more experienced amongst us...
what do they mean about the 10p lower rate?
and does basic income tax mean the lowest bracket?
why has Sir Menzies said that?
Gordon Brown announced a 2p cut in the basic income tax rate from April 2008
the chancellor also scrapped the 10p lower rate
"We are asking the poor to subsidise the rich," Sir Menzies Campbell told MPs.
Brown told parliament he would cut headline corporation tax to 28 percent from 30 percent from April 2008
what do they mean about the 10p lower rate?
and does basic income tax mean the lowest bracket?
why has Sir Menzies said that?