what is the tax rate in uk

8 months ago 65
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