Income Tax Rates – Wales
- Income tax is devolved to Wales.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
| Band of taxable income | UK Rate | Welsh Rate | Total Rate | |
|---|---|---|---|---|
| £ | % | % | % | |
| 0 – 37,700 | Basic rate | 10 | 10 | 20 |
| 37,701 – 125,140 | Higher rate | 30 | 10 | 40 |
| Over 125,140 | Additional rate | 35 | 10 | 45 |
- Income tax is devolved to Wales.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
| Band of taxable income | UK Rate | Welsh Rate | Total Rate | |
|---|---|---|---|---|
| £ | % | % | % | |
| 0 – 37,700 | Basic rate | 10 | 10 | 20 |
| 37,701 – 125,140 | Higher rate | 30 | 10 | 40 |
| Over 125,140 | Additional rate | 35 | 10 | 45 |
- Income tax is devolved to Wales.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
| Band of taxable income | UK Rate | Welsh Rate | Total Rate | |
|---|---|---|---|---|
| £ | % | % | % | |
| 0 – 37,700 | Basic rate | 10 | 10 | 20 |
| 37,701 – 150,000 | Higher rate | 30 | 10 | 40 |
| Over 150,000 | Additional rate | 35 | 10 | 45 |
- Income tax is devolved to Wales.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
| Band of taxable income | UK Rate | Welsh Rate | Total Rate | |
|---|---|---|---|---|
| £ | % | % | % | |
| 0 – 37,700 | Basic rate | 10 | 10 | 20 |
| 37,701 – 150,000 | Higher rate | 30 | 10 | 40 |
| Over 150,000 | Additional rate | 35 | 10 | 45 |
Tax Rates & Allowances
- Introduction
- Capital Allowances – Plant And Machinery
- Capital Gains Tax (CGT)
- Car Benefits
- Car Fuel Benefit
- Cars – Advisory Fuel Rates For Company Cars
- Child Benefit
- Corporation Tax Rates
- Employee’s Statutory Payments
- Income Tax Allowances
- Income Tax Rates – Across the UK
- Income Tax Rates – Scotland
- Income Tax Rates – Wales
- Individual Savings Account (ISA)
- Inheritance Tax (IHT)
- Land and Buildings Transaction Tax
- Land Transaction Tax
- Mileage Allowance Payments (MAPS) For Employees
- Minimum Wage
- National Insurance Contributions (NIC) – Rates And Allowances
- Pensions Automatic Enrolment
- Pensions – Tax Relief On Pension Contributions
- Property Allowance
- Self Assessment – Key Dates
- Stamp Duty
- Stamp Duty Land Tax (SDLT)
- State Pensions
- Tax Reliefs For Individuals
- Trade Allowance
- Van Benefit
- VAT
- Vat Fuel Scale Charges
- Vehicle Excise Duty (VED) – Passenger Cars