Tax Rates 2024/25 Uk Gov. Tax is paid on the amount of taxable income remaining after the personal allowance has been deducted. Corrected the income tax starting rate for savings for england, northern ireland, wales and scotland to 0%.
The new tax year started on april 6th, 2024. When you operate payroll through shape, the software will work out the tax and national insurance contributions every time you pay your employees based on the below.