Tax rates and allowances

An up-to-date, easy to view summary of all the main tax rates, allowances, exemptions and available deductions. Also included are a range of benefits including the state pension.

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Key dates and deadlines

This is a summary of the key filing and payment dates.

Income tax

Personal tax rates and allowances.

Corporation tax

Details of corporation tax rates and bands.

Inheritance tax

Inheritance tax rates, nil rate band and allowances.

Capital gains tax

Capital gains tax rates and allowances.

VAT rates

VAT rates, schemes and thresholds

National insurance contributions

National insurance contributions and rates

Residential property letting

Residential property letting tax rates and allowances.

Main capital allowances

Reduce your business tax liability with your capital expenditure.

Business deductions

In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.

Penalties for late returns

The tax system has many fines and penalties for those that do not file or pay on time. Make sure you do not become liable to any of these fines or penalties.

Trusts and settlements

Trusts and settlements - tax rates and allowances.

Non domiciled individuals

The basics of the non domicile charge.

Qualification for a small or medium sized company

Qualification to be a small or medium sized company applies if two or more of the following criteria are met in the current and preceding year.

Green travel allowances

There are a number of schemes intended to encourage employers to make arrangements for their staff to travel to work by more environmentally beneficial means.

Mileage allowances

Current and previous mileage allowances.

Vehicle benefits 2014/15

Chargeable on employees earning £8,500 or over (including benefits), and directors.

Vehicle benefits 2013/14

Check your benefit for this tax year.

Vehicle duties

Vehicle duties

Pension premiums

There are limits that may be contributed to a registered pension scheme without incurring a tax charge. The maximum amount on which an individual can claim tax relief in any tax year is the greater of the individual's UK relevant earnings or £3,600.

EIS, SEIS and VCT

Enterprise investment schemes,seed enterprise investment schemes and venture capital trusts.

ISAs and New ISAs (NISAs)

Details of this year’s investment maximums for ISAs and New ISAs (NISAs).

Stamp taxes

Details of the rates and types of stamp taxes.

Air passenger duty rates

Duty levied on flights

Landfill tax

Landfill tax rates

Charitable giving

Charitable contributions and Gift Aid.

Annual tax on enveloped dwellings (ATED)

ATED is a tax payable by companies on high value residential property (a dwelling).

Tax credits

Tax credits rates for this year and the last tax year.

State pension

State pension rates, pension credit and winter fuel allowances .

Benefit rates

Selected benefit rates.

Universal Credit

The following are a range of credits and are all the applicable monthly rates.