Uk Tax Brackets 2024. Uk income tax rates and brackets for 2024/25. Income tax rates vary for people living in scotland and are as follows:
In the new tax year (2024/25), the main uk corporation tax rate remains at 25%. It’s smaller if your income is over £100,000.
The Additional Rate (45% On Taxable Income Over £125,140).
Highter rate for tax year 2024 to 2025:
Basic Tax Rate At 20%:
As announced at budget 2021, the government will maintain the personal allowance at £12,570 and higher rate threshold at £50,270 for 2022 to 2023, 2023 to 2024,.
Uk Tax Brackets 2024 Images References :
On Earnings From £12,571 To £50,270.
It’s smaller if your income is over £100,000.
The Additional Rate (45% On Taxable Income Over £125,140).
The standard personal allowance is £12,570, which is the amount of income you do not have to pay tax on.