Who Pays 40% Tax in the UK? Understanding the Higher Rate Threshold

[syedsheraz]

I’ve been doing some research into the UK income tax system, and I wanted to clarify who actually falls into the 40% income tax bracket. With so many changes over the past couple of years, it’s easy to get confused about who pays what.

 

[fisicx]

All detailed here:

Income Tax rates and Personal Allowances

Personal Allowance, Income Tax rates, bands and thresholds.

www.gov.uk

 

[GLAbusiness]

It is not consistent across the UK. Scotland has different bands and rates. A quick google should reveal all

 

[Newchodge]

It is not consistent across the UK. Scotland has different bands and rates. A quick google should reveal all

Or simply go to the HMRC website, the very obvious place to start.