Rates and Allowances for 2020/21
The following summaries the main tax rates and allowances for the 2020/21 year which relevant to the majority of our clients. This is not an exhaustive list and personal advice should be sought as to your exposures to UK taxation.
Personal Allowance GBP 12,500
The Personal Allowance applies only to citizens of European Economic Area countries who are non-resident for UK tax purposes, to individuals who are nationals and residents of certain countries, to nationals of Bulgaria, Israel and Jamaica and who meet one of a number of other unusual conditions.
Full details can be found pages RRN4 and RRN5 at the following link:
The Personal Allowance is available to those who are nationals and residents of the following Asian countries: Australia, Bangladesh, Indonesia, Japan, Republic of Korea, Malaysia, New Zealand, Papua New Guinea, Philippines, Taiwan, Thailand, Vietnam.
The Personal Allowance is not available to nationals and residents of: Cambodia, China, Hong Kong, Laos, Myanmar, Singapore