Wednesday, 08 February 2017 09:53
For 2017 to 2018 the basic Personal Allowance will be £11,500 and the basic rate limit will be £33,500. However, for Scottish tax-payers the basic rate limit will be £31,930.
The new threshold (starting point) for PAYE is £221 per week (£958 per month).
The new emergency tax code is 1150L for all employees.
Income Tax rates and bandwidths are:
|UK Rate||%||Bandwith||Scottish Rate||%||Bandwith|
|Basic Rate||20%||£1 to £33,500||Basic Rate||20%||£1 to £31,930|
|Higher Rate||40%||£33,501 to £150,000||Higher Rate||40%||£31,931 to £150,000|
|Additional Rate||45%||£150,001 and above||Additional Rate||45%||£150,001 and above|
If you have an enquiry regarding personal tax please contact HMRC on 0300 200 3300 or visit: