The UK HMRC has published the rates and thresholds for PAYE tax (individual income tax) for the tax year beginning 6 April 2015. PAYE tax rates and threshold are as follows:

• up to GBP 31,785 - 20%
• GBP 31,786 up to 150,000 - 40%
• over GBP 150,000 - 45%

The basic personal allowance is increased from GBP 10,000 to GBP 10,600.

Also published are the rates and thresholds for National Insurance co…