Income tax rates in the UK

Currently the UK basic income tax rate is 20%. This increases to 40% for your earnings above £46,350 and to 45% for earnings over £150,000.

Your earnings below £11,850 are tax free. This is called the personal allowance. However for every £2 you earn over £100,000 this allowance is reduced by £1.

UK income tax bands and rates for 2018/2019

Income Tax rate
Up to £11,850 0% Personal allowance
£11,851 to £46,350 20% Basic rate
£46,351 to £150,000 40% Higher rate
over £150,000 45% Additional rate

Example 1: Income tax on earning £35,000

  • The first £11,850 you earned is tax free
  • Remainder (£23,150) is taxed at 20%
  • Your tax bill: £4,630

income_tax_35000.png

Example 2: Income tax on earning £75,000

  • The first £11,850 you earned is tax free
  • The remainder up to £46,350 is taxed at 20% (£6,900)
  • What you earn above £46,350 is taxed at 40% (£11,460)
  • Your tax bill: £18,360 (£6,900 + £11,460)

income_tax_75000.png

Income tax for previous tax years:

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

Need help with your tax return?

Get your self assessment prepared for you online by certified accountants for £99

Online self assessment preparation assisted by professional accountants

How TaxScouts works

Simple online tax assessment

1. Simple online tax assessment

Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.

Chat to human advisors

2. Chat to human advisors

You can talk to one of our tax assistants at any time during the process when you have any questions.

We’ll sort your documents online

3. We’ll sort your documents online

We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.

Everything gets prepared for you

4. Everything gets prepared for you

Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.

"Smooth and easy process"
Smooth and easy process. Will use every year! Very helpful staff as well!
Oliver James Windle
"Brilliant service"
Surprised by how easy the process was. Additionally it's saved me money, so all round a win.
Jo B
"Very fast"
Very fast and gave good advice I will be using every year
Wayne L

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.

Construction workers

We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.

People living overseas

Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.

Company directors

UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.

Landlords

Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.

Self-employed

TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.

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.

Let's start by creating your account

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
You are using an outdated web browser – TaxScouts works best with modern browsers. Please upgrade here.