Tax rates & allowances 2026/27.
Every number in one place, updated the day it changes — and each table links to the calculator that puts it to work.
Income Tax (England, Wales & NI)
Personal allowance£12,570
Basic rate 20%£12,571 – £50,270
Higher rate 40%£50,271 – £125,140
Additional rate 45%over £125,140
Allowance taper£1 lost per £2 over £100,000
Dividends
Dividend allowance£500
Basic rate10.75%
Higher rate35.75%
Additional rate39.35%
National Insurance
Employee — main / upper8% / 2% above £50,270
Employee threshold£12,570
Employer — rate15% above £5,000
Employment Allowance£10,500
Self-employed Class 46% / 2% above £50,270
Corporation Tax
Small profits rate19% to £50,000
Main rate25% from £250,000
Marginal relief band26.5% marginal rate between
Thresholdsdivided by associated companies
VAT
Standard rate20%
Reduced rate5%
Registration threshold£90,000
Deregistration threshold£88,000
Flat rate — limited-cost trader16.5%
Capital Gains Tax
Annual exempt amount£3,000
Within basic-rate band18%
Above basic-rate band24%
Business Asset Disposal Relief18% · £1m lifetime
UK residential property reporting60 days
Inheritance Tax
Nil-rate band£325,000
Residence nil-rate bandup to £175,000
Rate above the bands40% (36% with 10% to charity)
Residence band taperestates over £2m
Annual gift exemption£3,000
Mileage (AMAP)
Cars — first 10,000 miles45p
Cars — thereafter25p
Passenger (each)5p
Motorcycles24p
Bicycles20p
Pensions & ISAs
Pension annual allowance£60,000
ISA allowance£20,000
Junior ISA£9,000
Personal Savings Allowance£1,000 / £500 / nil
Making Tax Digital
VAT-registered businessesalready in MTD
Income Tax — from April 2026£50,000+ qualifying income
Quarterly updates due7 Aug · 7 Nov · 7 Feb · 7 May
Rates for the 2026/27 tax year, England, Wales & NI (Scotland sets its own Income Tax bands). Stamp duty, capital allowances and the specialist tables live on GOV.UK — or just ask us. Updated every Budget: see the Budget, briefly.