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