Tax Year

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 – £12,500 0% (Personal Allowance) £12,501 – £50,000 20% (Basic Rate) …