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2026 FAMILY, PRIVATELY OWNED AND OWNER-MANAGED BUSINESS SURVEY

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New Welsh Rate of Income Tax

With devolution comes different rates and ways of operating the tax system for our employees. However, unlike Scotland (SRIT) the Welsh Government only have powers to amend the rates of Income Tax and not the thresholds. The new powers come into force from 6 April 2019 but thankfully for the 2019/20 tax year, the rates will remain i.e. 20%, 40% and 45% as per the rest of the UK.

You will find some useful WRIT information factsheets on our payroll resource section or download them here: For employees, employers and WRIT's general facts.

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Armstrong Watson can help

Whether you need expert accounting, strategic business advisory, tax planning, or financial guidance, our experienced team is here to support your success. From sole traders to large enterprises, we provide tailored solutions to help you navigate complex financial challenges and achieve your goals. Get in touch today to discover how we can help your business thrive – call 0808 144 5575.

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