I am new for UK Tax. I have a basic question on tax rate bands and personal allowance for taxpayer whose annual salaries is over £125,140.
I read the textbook that the basic rate is used to calculate the first £37,700 and the higher rate is used to calculate the salaries from £37,701 to £150,000 (£112,300). I found this tax rates and bands (after the personal allowance) from the government webiste.
But I also find the one before the personal allowance, the higher rate is from £50,271 to £150,000 (£99,730).
I am confused that which figure should I use to calculate the higher rate when the taxpayer's salaries is over £150,000. And why there is difference?