Income tax is a tax that people pay on their earnings.
In the UK, there is no income tax for people who earn £12,570 or less.
People have to pay 20% income tax on their earnings between £12,571 and £50,270 - however, the first £12,570 of your income is not taxed.
There are two more income tax bands - 40% and 45% - which start at £50,271 and £125,140 respectively.
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