Income Tax: England, Wales and Northern Ireland
- Personal Allowance: £12,570.
- Basic rate: 20% from £12,571 to £50,270.
- Higher rate: 40% from £50,271 to £125,140.
- Additional rate: 45% over £125,140.
Tax Rates and Allowances
A reference page for common allowances and thresholds.
Tax rates & allowances
2026/27 reference rates
A quick reference for common UK tax rates and allowances. Figures should still be checked before filing, planning or advising.
Scottish PAYE bands
- Personal Allowance: £12,570.
- Starter rate: 19% from £12,571 to £16,537.
- Basic rate: 20% from £16,538 to £29,526.
- Intermediate rate: 21% from £29,527 to £43,662.
- Higher rate: 42% from £43,663 to £75,000.
- Advanced rate: 45% from £75,001 to £125,140.
- Top rate: 48% over £125,140.
National Insurance: Class 1
- Primary threshold: £12,570 per year.
- Upper earnings limit: £50,270 per year.
- Employee category A rate: 8% between the primary threshold and upper earnings limit.
- Employee category A rate above the upper earnings limit: 2%.
VAT
- Standard rate: 20%.
- Reduced rate: 5%.
- Zero rate: 0%.
- Some supplies are exempt or outside the scope, so coding should be checked before filing.
Dividend Tax
- Dividend allowance: £500.
- Basic rate: 10.75% above the allowance.
- Higher rate: 35.75% above the allowance.
- Additional rate: 39.35% above the allowance.
Corporation Tax
- Main rate: 25% for profits over £250,000.
- Small profits rate: 19% for profits of £50,000 or less.
- Marginal relief may apply between £50,000 and £250,000.
- Thresholds can be reduced for short accounting periods and associated companies.