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Income Tax Instalment System - Default effective rate increases for 2008
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13 December 2007
From 1 January 2008, the default effective rate for the Income Tax Instalment System (IT IS) increases from 15% to 20%. Employers must apply the default rate to the earnings of any employee or office holder who fails to provide an effective rate notice.
...UK Payroll News - Latest
Further information:
ITIS - Frequently Asked Questions
Notice of change in ITIS Default Effective Rate for 2008
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