How is UK Income Tax calculated?

UK Income Tax is calculated using tax bands: 0% up to £12,570 (Personal Allowance), 20% on £12,571-£50,270 (Basic Rate), 40% on £50,271-£125,140 (Higher Rate), and 45% above £125,140 (Additional Rate).

What is the UK tax year?

The UK tax year runs from 6 April to 5 April the following year. The 2026/27 tax year runs from 6 April 2026 to 5 April 2027.

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