Rates of Tax
| Band | Taxable profits | Tax Rate |
|---|---|---|
| Personal allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| High rate | £50,271 to £150,000 | 40% |
| Additional rate | Over £150,001 | 45% |
| Band | Taxable profits | Tax Rate |
|---|---|---|
| Personal allowance | Up to £12,570 | 0% |
| Basic rate | £12,571 to £50,270 | 20% |
| High rate | £50,271 to £150,000 | 40% |
| Additional rate | Over £150,001 | 45% |