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By Armstrong Watson

11th March 2019

New Welsh Rate of Income Tax

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With devolution comes different rates and ways of operating the tax system for our employees. However, unlike Scotland (SRIT) the Welsh Government only have powers to amend the rates of Income Tax and not the thresholds. The new powers come into force from 6 April 2019 but thankfully for the 2019/20 tax year, the rates will remain i.e. 20%, 40% and 45% as per the rest of the UK.  

You will find some useful WRIT information factsheets on our payroll resource section or download them here: For employees, employers and WRIT's general facts.

 

To learn more about Armstrong Watson Payroll Services please get in touch. Or visit our website for more Payroll information and resources.

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