What Are The Types of Taxes In The UKIn the United Kingdom, the government uses an annual income threshold for calculating taxes. This means that everyone earning less than £10,000 per year (about $14,500) pays no income tax at all. Those earning between £10,000 and £30,000 pay 20% tax on any earnings above £15,000 ($22,500). People earning over £30,000 pay 40% tax on any earnings over £40,000 ($58,000). But that is just the tip of the iceberg before the September 2022 Mini Budget.
September 29, 2022