The basic rate (BR) of tax remains at 20% for 2017/18, higher rate (HR) a 40% and the additional rate (AR) is 45%. Basic rate applies to the first £33,500 of taxable income, higher rate applies to the next £116.500 Everything over £150,000 is then taxed at 45% (AR) BR can be increased by your charitable
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The personal allowance increases to £11,500 for 2017/18 tax year. As for 16/17 the allowance is reduced by £1 for every £2 by which adjusted net income exceeds £100,000. This means anyone with net income in excess of £123,000 for 17/18 will not receive the personal allowance