2020/21 Tax Rates and Allowances
This page contains all of the personal income tax changes which were published on the gov.uk site on Fri 28 Feb 2020. These rates come into effect at the start of the new tax year, on April 6th 2020.
Are you registered to complete a paper self-assessment return for 2019/20?
The numbers of people making paper returns this year should have dropped dramatically. As of April 2020, anyone who has previously submitted a paper tax return, will have been sent a notice to file digitally (online) by HMRC. In circumstances where HMRC has identified that someone can not complete their return online, paper forms will have been sent out.
If you are one of those who received a paper return to complete, the deadline is the 31st October.
If you are going to miss this deadline, our advice would be NOT to send the return- you will be fined for a late return at the very least. Instead, set yourself up to complete an online return. This way you will have until the 31st of January to complete your tax return online and pay any tax owing.
For more information on completing your online self-assessment return, see our guide here.
For a detailed breakdown of the fines for late submission of returns, see here.
Personal Tax
2019/2020 Tax Rates and Allowances
This page contains all of the personal income tax changes which were announced at the October 29th, 2018 Budget. These rates come into effect at the start of the new tax year, on April 6th 2019.
2018/2019 Tax Rates and Allowances
We have published a quick reference to the significant changes to the tax rates and bands, personal tax allowances and national insurance figures which come into effect from April 6th 2018.