The basic, higher and additional rates of income tax have been reduced by 10p by the UK government - and that 10p and any additional payments, go to the Welsh government. Scottish income tax rates are ...

Fiscal drag has hit low and high earners in the UK over recent years. The frozen basic rate threshold, currently £12,570, drags more people into paying income tax and means that the real value ...

you'll pay 40% tax (known as the higher rate) and above £125,140, you'll pay 45% (the additional rate). If you live in Scotland the thresholds above the personal allowance differ to the rest of the UK ...

New data has revealed the ongoing freeze on income tax thresholds will pull millions more into the tax system over the next ...

Recent figures from HMRC show that the number of higher-rate taxpayers ballooned 15 per cent between the 2021/22 and 2022/23 tax years, due to fiscal drag. With the income tax thresholds set to ...

For workers, the main rates ... of family income goes on taxes on spending, known as indirect taxes. For the poorest fifth of households, VAT is the biggest single tax paid. How do UK taxes ...

Article continues below There are currently six rates of income tax in Scotland and three in the rest of the UK. The 2025/26 Budget, which was recently passed by Holyrood, will see no rises in the ...