UK tax rates & allowances
Key rates, thresholds, allowances and deadlines for individuals and companies — kept in plain English.
👤 Personal Taxes
Income tax, dividends, savings interest, capital gains, NIC and more for individuals.
2025/26 Tax Year · 6 April 2025 – 5 April 2026 →
2024/25 Tax Year · 6 April 2024 – 5 April 2025 →
🏢 Company Taxes
Corporation tax, employer NIC, employment allowance, payroll rates and statutory pay.
2025/26 Tax Year · 6 April 2025 – 5 April 2026 →
2024/25 Tax Year · 6 April 2024 – 5 April 2025 →
Why these rates matter
UK tax rates and thresholds change every tax year — usually announced at the Budget and taking effect the following April. Using an outdated rate, allowance or threshold is one of the most common reasons a self-prepared tax return ends up wrong, whether that means underpaying (and facing a bill later with interest) or overpaying and missing money you're owed.
We keep this page updated with the current and previous tax year so you can check a rate quickly — but these figures are a starting point, not a substitute for advice on your specific situation. Reliefs, allowances and thresholds often interact in ways that aren't obvious from a table alone.
The UK tax year
The UK tax year runs from 6 April to 5 April the following year — not the calendar year. So "2025/26" means 6 April 2025 to 5 April 2026. Self-assessment returns for a tax year are due online by the following 31 January (e.g. 2025/26 is due 31 January 2027).
Companies work differently — corporation tax follows your company's own accounting period, which is usually set when you incorporate and rarely matches the personal tax year exactly.
Upcoming Tax Rate Changes
Major changes to income tax rates on property, savings and dividend income are coming. Dividend rates rise from April 2026. New property income rates and higher savings rates from April 2027.
From April 2026
Basic: 8.75% → 10.75% | Higher: 33.75% → 35.75%
From April 2027
Basic: 20% → 22% | Higher: 40% → 42% | Additional: 45% → 47%
From April 2027
New separate rates: 22% / 42% / 47%
Disclaimer: These rates are for guidance only and are based on HMRC published figures. Tax rules depend on individual circumstances and may change. Always seek professional advice before acting — get in touch for advice specific to your situation.
Not sure how these rates affect you?
Book a free consultation and we'll explain exactly what applies to your situation — in plain English.