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UK Tax Rates & Allowances

Essential Guide to UK Tax Rates, Reliefs & Allowances

Tax can be confusing, but it doesn’t have to be. This page brings together all our clear, practical guides covering UK tax rates, allowances, benefits, and reliefs for individuals and businesses. Whether you need to check the latest VAT rates, understand your personal tax-free allowances, or see what tax reliefs you can claim, you’ll find everything here in one place.

Explore the sections below to find exactly what you need.

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Link to: Capital Allowances

Capital Allowances

Plant and machinery allowances and the allowances available for other assets.

Link to: Capital Gains Tax Rates

Capital Gains Tax Rates

Current rates of capital gains tax (CGT) together with the exemptions.

Link to: Corporation Tax Rates

Corporation Tax Rates

Companies pay tax on their income and gains. View current corporation tax rates.

Link to: Child Benefit Allowances

Child Benefit Allowances

Weekly amounts of child / working tax credits and child benefit.

Link to: Income Tax Rates and Allowances

Income Tax Rates

Estimate your personal income tax liability using the current rates.

Link to: ISA Allowances

Individual Savings Accounts

Understanding the Annual ISA Investment Limits in the UK

Link to: Inheritance Tax Rates

Inheritance Tax Rates

Understanding current Inheritance Tax Rates and Allowances.

Link to: Minimum Wage Rates

Minimum Wage Rates

Current Statutory Minimum Wage Levels and Key Changes

Link to: National Insurance Rates

National Insurance Rates

Earnings thresholds and contribution percentages for national insurance.

Link to: Pension Contributions

Pensions Contributions

Pension Contribution Limits for Individuals and Employers.

Link to: Property and Trade allowances

Property & Trade Allowances

How trade and property allowances work, qualification and reporting.

Link to: Stamp duty & Land Taxes

Stamp Duty and Land Taxes

Current stamp duty rates and UK property transaction taxes.

Link to: Statutory Pay

Statutory Pay Rates

Current Weekly Pay Rates and Entitlements.

Link to: Tax Relief for Individuals

Tax Reliefs for Individuals

Covering EIS, SEIS, VCTs, and Social Investment Relief.

Link to: Car Benefits and Allowances

Car Benefits & Vehicle Allowances

Calculate company car, van, and fuel benefits with the HMRC tables.

Link to: Vat Rates

Value Added Tax

Current VAT percentages and the annual thresholds.

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What Are Tax Rates and Allowances?

Tax rates decide how much tax you pay on different types of income, profits, or spending like your salary, business earnings, or when you buy property. Allowances are tax-free amounts or reliefs that reduce how much tax you owe. Together, tax rates and allowances shape what you pay HMRC and help you plan ahead, claim reliefs you’re entitled to, and avoid paying more tax than necessary.

Getting Started with Tax Rates and Allowances

Before you file a return or claim any reliefs, it’s important to understand which tax rates and allowances apply to you or your business. From knowing your personal tax-free thresholds to understanding the right VAT rate for your products or how much relief you can claim on investments, getting the basics right helps you stay compliant, avoid penalties, and make the most of what you’re entitled to.

Need help with your taxes?

Understanding tax rates and allowances can save you money but keeping up with the rules can be a headache. If you’d like clear, practical advice or help staying compliant, get in touch with Accounting Wise today.

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As more UK businesses embrace digital operations, the way they handle their finances is evolving too. Traditional accountancy - with face-to-face meetings, piles of paperwork, and fixed office hours - is rapidly being replaced by virtual accountants offering a flexible, digital-first approach.

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That’s it! We’ll get your accounting services set up, contact your previous accountant if needed, and begin the authorisation process with HMRC.

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