Tax Bands for 2018/19 and 2019/20

Posted 05/06/2019

This is the first Tax Year that Scotland has different tax bands from the rest of the UK, and so it is important to keep this in mind when reviewing your self-assessment tax details. Your residency of your main home affects whether your tax is calculated by the different band brackets.

Dividend tax bands remain the same as the last year; basic rate at 7.5%, higher rate at 32.5% and top rate at 38.1%.Personal Allowance:
2018/19 £11,850
2019/20 £12,500

The tax rates below are for income after the personal allowance has been deducted.
Scottish Tax Bands:
TAX BAND RATE 2018/19 2019/20
STARTER RATE 19% £0-£2,000 £0-£2,049
BASIC RATE 20% £2,001-£12,150 £2,050-£12,444
INTERMEDIATE RATE 21% £12,151-£31,580 £12,445-£39,930
HIGHER RATE 41% £31,581-£150,000 £30,931-£150,000
TOP RATE 46% Over £150,000 Over £150,000

England, Northern Ireland and Wales Tax Bands:
TAX BAND RATE 2018/19 2019/20
BASIC RATE 20% £0-£34,500 £0-£37,500
HIGHER RATE 40% £34,501-£150,000 £37,501-£150,000
TOP RATE 45% Over £150,000 Over £150,000
2018/19 ran from the 6th April 2018 to the 5th April 2019. Any Tax Returns are due for this tax year by the 31st January 2020. 2019/20 runs from the 6th April 2019 to the 5th April 2020 and Tax Returns covering these dates are due by the 31st January 2021.


Tags: personal tax, self-assessment tax, tax return, self-assessment tax return, tax bands, 2018/19, 2019/20