- Income tax is devolved to Wales from 6 April 2019.
- Welsh resident taxpayers continue to pay the same overall income tax rates using the UK rates and bands.
- The total rate of income tax = UK income tax + Welsh rate of income tax
- Savings income and dividend income are taxed using UK tax rates and bands.
|Band of taxable income||UK Rate||Welsh Rate||Total Rate|
|0 – 37,500||Basic rate||10||10||20|
|37,501 – 150,000||Higher rate||30||10||40|
|Over 150,000||Additional rate||35||10||45|
This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.