Rate: 20%
Threshold: £12,571 to £50,270 per year
Behavioural response*:
Rate: 40%
Threshold: £50,271 to £125,140 per year
Behavioural response*:
Rate: 45%
Threshold: £125,141+ per year
Behavioural response*:
| Total revenue in your model (£m) | Difference between your model and current figures (£m) | |
|---|---|---|
| Basic rate: | 0 | |
| Higher rate: | 0 | |
| Additional rate: | 0 | |
| Total: | 0 |
Enter your taxable income excluding allowances and reliefs
| Estimated amount you would pay to the UK Government (£) | Estimated amount you would pay to the Welsh Government (£) |
|---|---|
| 0 (0%) | 0 (0%) |
Note: ‘My Taxable Income’ reflects 2023-24 allowances in the UK Autumn Statement 2022.
*Were the Welsh Government to change income tax rates in Wales, there would likely be some behavioural response from Welsh taxpayers. Possible behavioural responses include greater use of tax planning, tax avoidance or evasion, individuals seeking different jobs or changing the number of hours worked, and/or migration into and out of Wales. The extent and effects of behavioural change to be expected is highly uncertain, though it must be considered when setting income tax policy. Migration has not been included in the behavioural response analysis.
See Welsh Tax Base Report, July 2018 for methodology.