Tax rates and codes
Different tax rates apply to different entities such as individuals and companies. These rates can also change if legislation changes.
Work out your tax code
Use this decision tree to work out your tax code.
When to use secondary tax codes and special tax codes
Generally if you have more than one job, you should use a secondary tax code for all jobs other than your main job. In some cases if you used a secondary tax code you would be taxed at a rate that is too high for your circumstances. Instead you may qualify for a special tax code, which may reflect your circumstances more accurately.
Income tax rates for individuals
A list of current income tax rates including and excluding earners' levy for individuals.
Sole traders
A sole trader is a person trading on their own.
Find out about tax codes
Your tax code is what decides how much tax is deducted from your income. The tax code that you will need to use depends on how many sources of income you have, and whether you have a student loan.
Partnerships
In a partnership, two or more people run a business together.
Companies
A company is a formal and legal entity in its own right, separate from its shareholders with its own unique tax obligations.
Non-profit organisations
A non-profit organisation is any society, association or organisation that is not carried on for the profit or gain of any member, and has rules that do not allow money, property or any other benefits to be distributed to any of its members.
Trusts and trustees
In general the initial amount of money you put into a trust is not taxed, although you may need to pay gift duty. Find out more here about taxing trusts and trustees.
Did you know?
Personal income tax rates will be changing from 1 April 2009. For a summary of the changes see our News and updates article.
Date published: 23 Nov 2004
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