Income tax

Income tax

Normal rates Dividend rates

% %

Basic rate 1 - 37,500 20 7.5

Higher rate 37,501 - 150,000 40 32.5

Additional rate 150,001 and above 45 38.1

Personal allowance 12,500

Thomas is self-employed, and for the year ended 5 April his trading profit was 111,100. During the tax year 2019/20, Thomas made a gift aid donation of 800 (gross) to a national charity. 19. What amount of personal allowance will Thomas be entitled to for the tax year 2019/20