UK Taxation Law

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Individual Income Tax

1. Foreign Income:

Immigrants with the resident visa will be tax-free for foreign income.
UK permanent residents and citizens need to pay tax for foreign income, but will be given tax credit for the tax-paid foreign income based on Double Tax.
Agreement and Law of the UK.

2. UK Local Income: Need to pay tax for all income

3. Tax Rate Table:

	Annual Income	Tax Rate
1.	£0 - £2,560	10% (Starting Tax Rate)
2.	£2,561 - £35,000	20% (Basic Tax Rate)
3.	£35,001 - £150,000	40% (High Tax Rate)
4.	Over £150,000	40% (Collect Individual Income Tax pro rate)

Year 2011/2012 Tax Rate for Individual Income Tax