People in Wales could pay different rates of income tax to those living elsewhere in the UK, under powers that come into effect on Saturday.Ministers will be able to adjust income tax by 10p in every £1 for each band.Income tax rates in Wales are staying the same in 2019-20 and ministers have said they would not change them before the 2021 assembly election. First Minister Mark Drakeford has previously warned that in some circumstances they could be forced to. 10p in each band will go directly to a Welsh Treasury to be spent on public services in Wales, rather than coming via the UK government.The personal allowance – the amount people can earn before they pay tax – as well as the level of income at which the higher and additional rates apply, are the same as in England and Northern Ireland. Tax accountant wins tropical island resort in raffle Lorraine Kelly wins £1,2m tax case JD Sports family pay £181.6m in tax Income tax rates and bands 2019-20 Personal allowance – up to £12,500 – 0 Basic rate – £12,500 to £50,000 – 20% (10p per £1 to UK Government and 10p to Wales) Higher rate – £50,000… Read full this story
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