2024 Tax Rates And Deductions Uk. This signifies that any income up to this amount is not subject to income tax. A guide to the tax brackets and tax rates for the 2024/25 tax year, including income tax rates, national insurance and corporation tax.
Statutory deductions are mandatory and required by law for people who meet certain criteria, while voluntary deductions are agreed upon between the. Tax is paid on the amount of taxable income remaining after the personal allowance has been deducted.
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