Tax Rates and Allowances
A guide to current UK tax rates, allowances, exemptions and reliefs for individuals and businesses, to help you understand your obligations and plan ahead.
Capital Allowances
How UK businesses can claim capital allowances to reduce taxable profits on qualifying assets such as equipment, machinery and vehicles, including the main allowance types, who…
Learn moreCapital Gains Tax Rates
When UK Capital Gains Tax applies, how gains are calculated and reported, and the current rates and allowances. CGT is charged on the profit from disposing…
Learn moreCar Benefits and Allowances
How car benefits and allowances work for employers and employees, who pays tax on them and what records are needed, covering company cars, car fuel benefit,…
Learn moreChild Benefit Allowances
How Child Benefit works in the UK, who can claim it, when the High Income Child Benefit Charge applies and the current weekly rates.
Learn moreCorporation Tax Rates
Current UK Corporation Tax rates, who they apply to, and how marginal relief and the small profits rate work.
Learn moreIncome Tax Rates
How UK income tax bands and rates work, which allowances apply and how income tax is paid.
Learn moreIndividual Savings Accounts
How ISA allowances work, including the annual limit, the types of ISA available and the residency and age rules.
Learn moreInheritance Tax Rates
How UK Inheritance Tax rates, thresholds and reliefs work, who is responsible for paying it and how estates can plan ahead. General information, not personal advice.
Learn moreMinimum Wage Rates
UK minimum wage rates set the lowest hourly pay for workers, depending on age and apprentice status. A summary of the current rates and employer obligations.
Learn moreNational Insurance Rates
UK National Insurance rates for employees, employers and the self-employed for 2025/26 and 2026/27, how contributions are calculated and who needs to pay them.
Learn morePensions Contributions
How UK pension contributions work, who pays them, the annual limits and the tax relief available, including automatic enrolment and State Pension rates for 2026/27 and…
Learn moreProperty and Trade Allowances
The trading allowance and property income allowance let individuals earn limited income from trading or letting property each year tax-free. How each works, who can claim…
Learn moreStamp Duty and Land Taxes
The main UK property transaction taxes: Stamp Duty Land Tax in England and Northern Ireland, Land and Buildings Transaction Tax in Scotland and Land Transaction Tax…
Learn moreStatutory Pay Rates
The statutory payments UK employers must make during sickness, parental and bereavement leave, with eligibility, payment rules and reclaim options.
Learn moreTax Relief for Individuals
Individuals investing in new, growing or higher-risk UK businesses can get income tax and capital gains tax reliefs through EIS, SEIS and VCTs. Each scheme has…
Learn moreValue Added Tax
Current UK VAT rates, what they apply to, and how businesses charge, reclaim and pay VAT.
Learn moreMore in Resources
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