Get a jump start on your self-assessment tax return! Deadlines for sending your tax return » 31 October 2020 for a paper return » 31 January 2021 if you file online » 30 December 2020 if you file online, owe less than £3000 tax for the 2019 to 2020 tax year and want HMRC to collect it through your tax code Penalties for filing late You (or all the partners if you’re Read more…
2019/20 2020/21 Income tax rates: England and Wales only (non-dividend income) £ £ 0% starting rate for savings only (note 1) Up to 5,000 Up to 5,000 20% basic rate tax 12,501-50,000 12,501-50,000 40% higher rate tax 50,001-150,000 50,001-150,000 45% additional rate tax Above 150,000 Above 150,000 Scottish rates of income tax (non-dividend income) 19% starting rate 12,501-14,549 12,501-14,585 20% basic rate tax 14,550-24,944 14,586-25,158 21% intermediate rate tax 24,945-43,430 25,159-43,430 41% higher rate tax Read more…
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