{"id":2238,"date":"2017-05-04T08:58:45","date_gmt":"2017-05-04T07:58:45","guid":{"rendered":"http:\/\/www.certaxlondon.co.uk\/?p=2238"},"modified":"2018-05-24T04:07:23","modified_gmt":"2018-05-24T03:07:23","slug":"hmrc-income-tax-rates","status":"publish","type":"post","link":"https:\/\/staging.certaxlondon.co.uk\/news\/hmrc-income-tax-rates\/","title":{"rendered":"HMRC Income Tax Rates 2018"},"content":{"rendered":"<p><strong>HMRC income tax rates 2018<\/strong><br \/>\nThe current tax year for 2018 is from the 6th April to the <em>5<\/em><sup>th<\/sup> April 2019. The tax rate that you fall in all depend on how much income you get per year. It also included how much of your income falls within each tax year and how much of your income is above your personal allowance. If you do get other income, this may be tax free.<\/p>\n<p>The main standard Personal Allowance is \u00a311,500. This means that you won\u2019t get tax up to this amount per year. If you earn \u00a31 over then that is when you start paying tax. <!--more-->The higher your income is the smaller your personal allowance would be. The <a href=\"https:\/\/www.certaxlondon.co.uk\/news\/uk-income-tax-rates-2017-to-2018\/\">personal allowance<\/a> will start to decrease when your income is over \u00a3100,000. If you ear over \u00a3123,000 per year then you would get a Personal Allowance. You can get a bigger personal allowance if you can claim for Blind Person\u2019s Allowance or claim for Marriage Allowance.<\/p>\n<p>Here are HMRC Income Tax rates 2018 and bands that the personal allowance and income tax fall in:<\/p>\n<p>(This doesn\u2019t apply to you in you live in Scotland)<\/p>\n<ul>\n<li>Personal Allowance \u2013 Up to \u00a311,500 \u2013 0% No Tax<\/li>\n<li>Basic Rate &#8211; \u00a311,501 to \u00a345,000 \u2013 20% Tax Rate<\/li>\n<li>Higher Rate &#8211; \u00a345,001 to \u00a3150,000 \u2013 40% Tax Rate<\/li>\n<li>Additional Rate \u2013 Over \u00a3150,000 \u2013 45% Tax Rate<\/li>\n<\/ul>\n<p>For people who live in Scotland, your income tax will be paid to the Scottish Government. You will pay different tax compared to the rest of the United Kingdom. The Scottish Income Tax applies to your pensions, wages and mostly any other income that you get. The Personal Allowance is still the same at \u00a311,500.<\/p>\n<p>Here are the Scottish Income Rates and bands that the personal allowance and income tax falls in:<\/p>\n<ul>\n<li>Personal Allowance \u2013 Up to \u00a311,500 \u2013 0% No Tax<\/li>\n<li>Basic Rate &#8211; \u00a311,501 to \u00a343,000 \u2013 20% Tax Rate<\/li>\n<li>Higher Rate \u2013 \u00a343,001 to \u00a3150,000 \u2013 40% Tax Rate<\/li>\n<li>Additional Rate \u2013 over \u00a3150,000 \u2013 45% Tax Rate<\/li>\n<\/ul>\n<p>If you have any savings or <a href=\"https:\/\/www.certaxlondon.co.uk\/news\/how-are-dividends-taxed\/\">dividends<\/a> allowance then you will have tax-free on savings interest and all dividends if you own shares in a company. If you are employed or have a pension you will need to check your income tax to see how much tax you\u2019ve paid in the current tax year, how much you are likely to pay for the rest of the year and what your tax code and personal allowance you have.<\/p>\n<p>You can pay less Income Tax if you are eligible for them to be able to claim for income Tax reliefs. If you are in a civil partnership or if you are married then you may be able to claim for the marriage allowance to reduce your partners tax if your income is less than the standard Personal Allowance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HMRC income tax rates 2018 The current tax year for 2018 is from the 6th April to the 5th April 2019. The tax rate that you fall in all depend on how much income you get per year. It also&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2238","post","type-post","status-publish","format-standard","hentry","category-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HMRC Income Tax Rates UK | Current and Future - Certax London<\/title>\n<meta name=\"description\" content=\"The current HMRC Income tax year for 2018 is from the 6th April to the 5 th April 2019. 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