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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 Rate | 20% | £1 to £37,500 |
| Higher Rate | 40% | £37,501 to £150,000 |
| Additional Rate | 45% | £150,001 and above |
| Scottish Rate | ||
| Starter Rate | 19% | £1 to £2,049 |
| Basic Rate | 20% | £2,050 to £12,444 |
| Intermediate Rate | 21% | £12,445 to £30,930 |
| Higher Rate | 41% | £30,931 to £150,000 |
| Top Rate | 46% | £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 |
| A | 12% | 2% | 13.8% | 13.8% |
| B | 5.85% | 2% | 13.8% | 13.8% |
| C | 0% | 0% | 13.8% | 13.8% |
| H | 12% | 2% | 0% | 13.8% |
| J | 2% | 2% | 13.8% | 13.8% |
| M | 12% | 2% | 0% | 13.8% |
| Z | 2% | 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
