Explore our practical tax guides, factsheets, calculators and business resources for limited companies, landlords, contractors and individuals.
UK Tax Rates & Allowances 2026/27
Updated for the 2026/27 tax year (6 April 2026 – 5 April 2027)
Whether you’re employed, self-employed, a company director or a landlord, understanding the latest UK tax rates can help you plan ahead and avoid unexpected tax bills.
Income Tax Rates (England, Wales & Northern Ireland)
| Tax Band | Taxable Income | Rate |
|---|---|---|
| Personal Allowance | Up to £12,570 | 0% |
| Basic Rate | £12,571 – £50,270 | 20% |
| Higher Rate | £50,271 – £125,140 | 40% |
| Additional Rate | Over £125,140 | 45% |
Personal Allowance reduces by £1 for every £2 of income over £100,000 and is fully withdrawn once income reaches £125,140.
National Insurance (Employees)
| Earnings | Rate |
|---|---|
| £12,570 – £50,270 | 8% |
| Over £50,270 | 2% |
Dividend Tax Rates
Dividend Allowance: £500
| Tax Band | Rate |
|---|---|
| Basic Rate | 10.75% |
| Higher Rate | 35.75% |
| Additional Rate | 39.35% |
Corporation Tax
| Taxable Profits | Rate |
|---|---|
| Up to £50,000 | 19% |
| £50,001–£250,000 | Marginal Relief may apply |
| Over £250,000 | 25% |
Associated companies affect these thresholds.
VAT
| VAT Type | Rate |
|---|---|
| Standard Rate | 20% |
| Reduced Rate | 5% |
| Zero Rate | 0% |
Capital Gains Tax (Most Assets)
Annual Exempt Amount: £3,000
| Taxpayer | Rate |
|---|---|
| Basic Rate | 18% |
| Higher & Additional Rate | 24% |
Business Asset Disposal Relief (BADR)
| Item | Amount |
|---|---|
| Lifetime Limit | £1 million |
| CGT Rate | 18% |
Dividend Allowance
£500
Personal Savings Allowance
| Taxpayer | Allowance |
|---|---|
| Basic Rate | £1,000 |
| Higher Rate | £500 |
| Additional Rate | £0 |
ISA Allowance
£20,000
Pension Annual Allowance
£60,000 (subject to tapering for higher earners)
Inheritance Tax
| Item | Amount |
|---|---|
| Nil Rate Band | £325,000 |
| Residence Nil Rate Band | £175,000 |
| Standard IHT Rate | 40% |
Stamp Duty Land Tax (Residential – England)
Current SDLT rates apply depending on:
- First-time buyer status
- Whether the property is an additional property
- Property value
Self Assessment Deadlines
| Deadline | Date |
|---|---|
| Online Tax Return | 31 January 2028 |
| Tax Payment | 31 January 2028 |
| Second Payment on Account | 31 July 2027 |
Corporation Tax Deadlines
- Corporation Tax: 9 months and 1 day after year end
- CT600 filing: 12 months after year end
Companies House Deadlines
- Confirmation Statement: Annually
- Annual Accounts: 9 months after year end (private companies)