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.

Making Tax Digital for VAT

New rules from April 2019.

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