Welsh income tax: what is the Welsh Rate of Income tax? What rate is Welsh Tax?   

Welsh Income Tax Rates for 2019-20 were announced by The National Assembly for Wales at their first budget on 2 October 2018.

Tax Bands & Rates 2019-20

These remain the same as the rest of the UK, excluding Scotland.

    Income band £

Rate

Tax rate

%

2019/20

2018/19

Personal allowance (tax -free band)            

 0  

0-12,500 0-11,850

Basic rate

20

12,500-50,000 11,850-46,350

Higher rate

40

50,000-150,000 46,350- 150,000

Additional rate

45

150,000+ 150,000+

 

Setting the Welsh Income Tax rate:

The rate is calculated in two stages:

  • First, the basic, higher and additional UK rates will each be reduced by 10% to 10%, 30% and 35% respectively.  
  • Secondly, the Welsh Assembly will set a single rate which will be applied to each of the reduced rates above to give the Welsh rate.

If the rate is changed for future tax rates this would have an impact on the Welsh income tax rates as follows:

If the Welsh rate is set at:

8%

10%

12%

Welsh basic rate will be

 18%

 20%

22%

Welsh higher rate will be

 38%

40%

 42%

Welsh additional rate will be

 43%

 45%

 47%

 

 

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