个人所得税税率表二 英国个人所得税税率

What is the UK Personal Income Tax?

The UK Personal Income Tax is a tax imposed on the income earned by individuals who are UK residents. It is calculated based on their income in a tax year which runs from 6 April of one year to 5 April of the following year.

What are the Tax Rate Bands?

The UK Personal Income Tax is divided into different tax rate bands. The 2021/22 tax year has the following bands:

• Personal Allowance: £12,570 (Tax-free)
• Basic rate: £12,571 to £50,270 (20% tax rate)
• Higher rate: £50,271 to £150,000 (40% tax rate)
• Additional rate: Over £150,000 (45% tax rate)

What is Personal Allowance?

Personal Allowance is the amount of money individuals can earn before they start paying income tax. For the 2021/22 tax year, Personal Allowance is £12,570. If an individual's income is below this amount, they won't have to pay any income tax.

How is Tax Calculated?

The tax to be paid is calculated based on the amount earned that falls within each tax band. For example, if an individual earns £60,000 in a tax year, the first £12,570 is tax-free, the remaining £47,430 falls within the basic rate band and is taxed at 20%, and the final £10,000 falls within the higher rate band and is taxed at 40%. Therefore, the income tax liability for this individual for the 2021/22 tax year would be £13,316.

What are the Allowable Deductions?

There are certain allowable deductions that can be made before calculating the tax due. These include pension contributions, charitable donations through Gift Aid, and some work expenses.

What Happens if I Don't Pay the Tax on Time?

If the tax is not paid on time, HM Revenue and Customs may charge interest and penalties. It is important to pay the tax on time to avoid any additional charges.

Can I Get Help with My Tax Returns?

Yes, there are a number of resources available to help individuals complete their tax returns. HM Revenue and Customs provides guidance on their website and individuals can also seek advice from a tax professional.