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And while the income tax brackets and personal tax allowance won t be changing in 2020 21 chancellor rishi sunak s highly anticipated budget speech on 11 march had good news for both the employed and self employed.
Income tax rates uk 2020 21. For the 2020 21 tax year if you live in england wales or northern ireland there are three marginal income tax bands the 20 basic rate the 40 higher rate and the 45 additional rate also remember your personal allowance starts to shrink once earnings hit 100 000. Paye tax rates and thresholds 2020 to 2021. Here s what you need to know about the 2020 21 income tax rates and a rundown of how new budget measures will affect your. English and northern irish basic tax rate.
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