what is the tax rate in uk

10 months ago 77
Nature

The tax rate in the UK depends on the income earned and the tax year. For the tax year 2023/24, the standard Personal Allowance is £12,570, which is the amount of income that is not taxed. The tax rates for England, Wales, and Northern Ireland are as follows: 0% for income up to £12,570, 20% for income between £12,571 and £50,270, 40% for income between £50,271 and £125,140, and 45% for income over £125,140. There are no local or provincial taxes on personal income in the UK