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Tax Factsheet

Check here for the latest tax information changed as and when the relevant legislation changes

2019/2020

Income Tax Rates

UK%Bandwidth
Basic Rate20%£1 to £37,500
Higher Rate40%£37,501 to £150,000
Additional Rate45%£150,001 and above
Scottish Rate  
Starter Rate19%£1 to £2,049
Basic Rate20%£2,050 to £12,444
Intermediate Rate21%£12,445 to £30,930
Higher Rate41%£30,931 to £150,000
Top Rate46%£150,001 and above

National Insurance Contributions

Pay Frequency
Lower
Earnings Limit
Primary
Earnings Threshold
Secondary Earnings Threshold
Upper
Earnings Threshold
Weekly£118£166£166£962
Monthly£512£719£719£4,167
Annual£6,136£8,632£8,632£50,000

 

Category Letter
Employee
earnings above PT up to UEL
Employee Earnings above UEL
Employer
Earnings above ST to UEL
Employer
Earnings above UEL
A12%2%13.8%13.8%
B5.85%2%13.8%13.8%
C0%0%13.8%13.8%
H12%2%0%13.8%
J2%2%13.8%13.8%
M12%2%0%13.8%
Z2%2%0% 

 

I would also confirm that apart from one member of staff I was extremely satisfied with the friendly and professional help I received from both you and Micaela Blackshaw. Never having been involved in a Limited Company I had no knowledge of the tax system. I was guided through what I needed to do at every step by yourself and Micaela and was very satisfied by both the results and support I received.

David M June 2017