Calculating your Income Tax

What is a tax rate band?

Your income up to a certain limit (a ‘rate band’) is taxed at the standard rate of Income Tax (IT) which is currently 20%. Any income above this limit is taxed at the higher rate of IT which is currently 40%.

You can find your rate band, for the current tax year and the previous four years, in the Tax rates, bands and reliefs charts.

Next: What is an increased rate band?