Tax rates & allowances

Personal tax rates and allowances are generally set for income tax years running to 5 April. Corporate rates and allowances are set for financial years running to 31 March.

Capital allowances: Plant and machinery allowances and the allowances available for other assets.
Capital gains tax: Standard and higher rates of capital gains tax (CGT) together with the annual exemption. The special rate of CGT and the limit applying for entrepreneurs’ relief purposes.
Child benefit: Weekly amounts of child / working tax credits and child benefit.
Corporation tax: Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.
Income tax: Estimate your personal income tax liability using the current rates. View the current rates here.
Individual Savings Account (ISA): The annual ISA investment limits.
Inheritance tax: Inheritance tax rates and allowances.
Minimum wage: Statutory minimum wage levels.
National insurance: Earnings thresholds and contribution percentages for Class 1 (employed), Class 2 and 4 (self-employed) and Class 3 (voluntary) national insurance contributions.
Pensions: Details of the amounts of tax relievable pension contributions for individuals and employers.
Stamp duty & land taxes: The current percentages of stamp duty and the various UK property/land transaction taxes.
Statutory pay: Current weekly amounts.
Tax reliefs for individuals: EIS, SEIS, VCTs and SIR.
Value added tax: The current VAT percentages and the annual registration and deregistration thresholds.
Vehicles: Calculate the taxable benefit using the relevant tables for employer provided cars, vans and related fuel.

MTD for VAT is now live

We answer some key questions.