New tax bands from 6th April 2021
The personal allowances have increased to £12,570 for 2021/22, which means that the standard will be 1257L.
Income earned between
£0 - £12,570 will be taxed at 0%
£12,571 - £50,270 will be taxed at 20%
£50,271 - £150,000 will be taxed at 40%
Over £150,000 will be taxed at 45%
Please get in touch if you want us to help you submit your tax return for the year ended 5th April 2021. You can visit our website for contact details on www.HenshawAccountingServices.co.uk