UK Tax Tables 2025/26
This page summarises the most important UK tax rates and allowances for the 2025/26 tax year. These tables are useful for self-employed individuals, company directors, and small business owners. Click below to jump to a section:
Main Capital and Other Allowances
|
Allowance
|
Rate
|
|
Annual Investment Allowance (P&M, 1st year)
|
£1,000,000
|
|
P&M for companies (1st year)
|
100%
|
|
Special rate P&M (1st year)
|
50%
|
|
P&M (normal)
|
18%
|
|
Patent rights and know-how
|
25%
|
|
Special rate P&M (long-life assets)
|
6%
|
|
Structures and buildings (straight line)
|
3%
|
Motor Cars Capital Allowance
|
CO₂ Emissions (g/km)
|
Allowance
|
|
0
|
100% (1st year)
|
|
1–50
|
18% pa
|
|
Over 50
|
6% pa
|
Research and Development (R&D)
|
Relief
|
Rate
|
|
Capital Expenditure
|
100%
|
|
R&D merged scheme
|
20%
|
|
R&D intensive SME credit
|
14.5%
|
|
Intensity ratio
|
30%
|
Value Added Tax (VAT)
|
Item
|
Rate / Threshold
|
|
Standard rate
|
20%
|
|
Domestic fuel
|
5%
|
|
Energy saving materials (except NI)
|
0%
|
|
Registration threshold
|
£90,000
|
|
Deregistration threshold
|
£88,000
|
|
Flat rate scheme limit
|
£150,000
|
|
Cash/Annual accounting limit
|
£1,350,000
|
Main Due Dates for Tax Payment
-
Income tax, NICs & CGT (self-assessment):
31 Jan, 31 July, next 31 Jan
-
Inheritance tax on death:
6 months after death month
-
Capital gains on UK property:
Report & pay in 60 days
-
Corporation tax:
Paid 9+ months after accounting period end (or instalments if >£1.5m)
Income Tax Rates
|
Band
|
2025/26
|
2024/25
|
|
Personal allowance
|
£12,570
|
£12,570
|
|
Basic rate (20%) up to
|
£37,700
|
£37,700
|
|
Higher rate (40%) over
|
£37,700
|
£37,700
|
|
Additional rate (45%) over
|
£125,140
|
£125,140
|
Corporation Tax
|
Profits
|
2025/26 Rate
|
2024/25 Rate
|
|
Up to £50,000
|
19%
|
19%
|
|
£50,001 – £250,000
|
26.5%
|
26.5%
|
|
Over £250,000
|
25%
|
25%
|
National Insurance Contributions (NICs)
|
Type
|
Employee
|
Employer
|
|
Class 1
|
8%
|
15%
|
|
Class 2 (Self-employed, voluntary)
|
£3.50/week (£182.00 pa)
|
|
Class 3 (Voluntary)
|
£17.75/week (£923.00 pa)
|
|
Class 4 (Self-employed)
|
6% on £12,570–£50,270, 2% above £50,270
|
Capital Gains Tax (CGT)
|
Tax Band
|
2025/26
|
2024/25
|
|
Annual exemption
|
£3,000
|
£3,000
|
|
Trusts exemption
|
£1,500
|
£1,500
|
|
Basic rate
|
18%
|
10%
|
|
Higher/additional rate
|
24%
|
20%
|
|
Trusts/Estates
|
24%
|
20%
|
These figures are a summary and subject to legislative changes. Please contact us for advice specific to your circumstances.