UK income tax rates for tax year 2017/2018

For tax year 2017/2018 the UK basic income tax rate was 20%. This increases to 40% for your earnings above £45,000 and to 45% for earnings over £150,000.

Your earnings below £11,500 are tax free. This is called the personal allowance. However for every £2 you earn over £100,000 this allowance is reduced by £1.

IncomeTax rate
Up to £11,5000%Personal allowance
£11,501 to £45,00020%Basic rate
£45,001 to £150,00040%Higher rate
over £150,00045%Additional rate

Example 1: Income tax on earning £35,000

  • The first £11,500 you earned is tax free
  • Remainder (£23,500) is taxed at 20%
  • Your tax bill: £4,700

Example 2: Income tax on earning £75,000

  • The first £11,500 you earned is tax free
  • The remainder up to £45,000 is taxed at 20% (£6,700)
  • What you earn above £45,000 is taxed at 40% (£12,700)
  • Your tax bill: £18,700 (£6,700 + £12,700)

If you need to quickly see how much tax you need to pay view our income tax calculator.

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Who our service is for

First time tax filers

We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.

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And for everyone else who needs to do their self assessment

At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.

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What happens next

  • We'll ask you a couple of short questions
  • Then we'll tell you what documents we need
  • Finally one of our qualified accountants will file your tax return