The UK is an attractive location for both employers and incoming executives
in the area of personal taxes.
For individuals, the tax year runs from 6 April. The following main rates and
exemptions apply as of 6 April 2013:
— personal allowance of £9,440 (reducing for those with incomes exceeding
— basic rate of 20 per cent on the first £32,010 of taxable income
— higher rate of 40 per cent on £32,011 to £150,000
— 45 per cent top rate on taxable income above £150,000.