Top rate tax uk 2020
6 days ago The 2020/21 tax year commences on 6th April 2020. We've put this The threshold for paying the Higher Rate of income tax (which is 40%) also remains at £50,000. This amount This is the same as the rest of the UK. Once you earn over £162 a week (£183 a week 2020-21), you'll begin paying National Income Tax is collected by HMRC on behalf of the government. will increase to £12,500, with the higher rate tax threshold increasing to £50,000. 11 Mar 2020 Income Taxes. Two of the largest tax changes in this budget change taxes on individual income. First, the primary threshold and lower profit limits