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What is the Welsh rate of income tax? What rate is Welsh Tax?   

Tax Bands & Rates 

These remain the same as the rest of the UK, excluding Scotland.

    Income band £

Rate

Tax rate

%

2020/21

&

2019/20

2018/19

Personal allowance (tax -free band)            

 0  

0-12,500 0-11,850

Basic rate

20

12,500-50,000 11,850-46,350

Higher rate

40

50,000-150,000 46,350- 150,000

Additional rate

45

150,000+ 150,000+


Setting the Welsh Income Tax rate

Welsh Income Tax Rates for 2019-20 were announced by The National Assembly for Wales at their first budget on 2 October 2018.

In a statement in December 2019, confirmed by the Welsh minister for finance on 7 January 2020, it was announced that Welsh income tax rates would remain unchanged for 2020-21.

The rate is calculated in two stages:

If the rate is changed for future tax rates this would have an impact on the Welsh income tax rates as follows:

If the Welsh rate is set at:

8%

10%

12%

Welsh basic rate will be

 18%

 20%

22%

Welsh higher rate will be

 38%

40%

 42%

Welsh additional rate will be

 43%

 45%

 47%

 

Updated

22/04/2020