2020/2021 Tax Year

The 2020/2021 tax year starts on April 6th 2020 and finishes on April 5th  2021. The tax free Personal Allowance remains at £12,500(to be confirmed in the Chancellor’s Budget). This is tax-free and is applied throughout the UK.

Tax Brackets 2020-2021 England, Wales and Northern Ireland.

£0 – £12,5000% (Personal Allowance)
£12,501 – £50,00020% (Basic Rate)
£50,001 – £150,00040% (Higher Rate)
£150,001 +45% (Additional Rate)

Tax Brackets 2020-2021 Scotland.

£0 – £12,5000% (personal allowance)
£12,501 – £14,54919% (starter rate)
£14,550 – £24,94420% (basic rate)
£24,945 – £43,43021% (intermediate rate)
£43,431 – £150,00041% (higher rate)
over £150,00046% (top rate)

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