Limited Company

Tax Rates 2020 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...

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