Tax regime for discretionary trusts

[sharpener]

Grateful if someone could confirm that the tax regime for payments from discretionary trusts in 2006/07 is the same as last tax year e.g. dividends paid out to beneficiaries are subject to tax pool arrangement, tax at 20% on interest received limited to first £500 etc.

If not can you point me at where I can find the details?

Thanks

[maths]

Yes confirm.

£500 standard rate band £1,000 for 06/07.

[sharpener]

Thanks maths, do I understand your reply to mean the 500 has _doubled_ from last tax year to 1000 this? (it seems unusually generous of HMRC), can you point to this on their website as I was unable to find anything when I looked y'day.

TIA

[taxadvice]

Why not look it up at:
http://www.hmrc.gov.uk/manuals/tsemmanual/TSEM3016a.htm

taxadvice at mynow.co.uk

[maths]

FA 2006 Schedule 13 para 4(1)(b).

[sharpener]

Thanks both.