Tax tables:

Personal Tax bands / rates and allowances 2015/16 2016/17 2017/18
Basic rate band £31,785 £32,000 £33,500
Basic tax rate 20% 20% 20%
Dividend ordinary rate – for dividends otherwise taxable at the basic rate (effective rate with tax credit) 10% (0%) 7.5% 7.5%
Savings rate band £5,000 £5,000 £5,000
Savings rate for the savings band 0% 0% 0%
Higher rate band £31,786 – £150,000 £32,001 – £150,000 £33,501 – £150,000
Higher tax rate 40% 40% 40%
Dividend upper rate – for dividends otherwise taxable at the higher rate (effective rate with tax credit) 32.5% (25%) 32.5% 32.5%
Additional rate band Over £150,000 Over £150,000 Over £150,000
Additional tax rate 45% 45% 45%
Dividend additional rate – for dividends otherwise taxable at the additional rate (effective rate with tax credit) 37.5% (30.6%) 38.1% 38.1%
Personal allowance under 65* £10,600
Personal allowance 65 to 74* £10,660
Personal allowance 75 and over* £10,660
Personal allowance £11,000 £11,500
Dividend allowance n/a £5,000 £5,000
Personal savings allowance for basic/higher rate tax payers n/a £1,000/£500 £1,000/£500
Blind person’s allowance £2,290 £2,290 £2,320
Marriage Allowance £1,060 £1,100 £1,150
Married couple’s allowance (dependant on birth date of elder spouse / civil partner)* £8,355 £8,355 £8,445
Tax reduction at 10% £835.50 £835.50 £844.50
*Allowances may be reduced depending on your level of income
Capital gains annual exemption – individuals, personal representatives and trustees of disabled persons £11,100 £11,100 £11,300
CG annual exemption – other trustees £5,550 £5,550 £5,650
CGT rate (basic rate/ higher rate) 18% / 28%
CGT rate – residential property (basic rate/ higher rate) n/a 18% / 28% 18% / 28%
CGT rate – other gains (basic rate/ higher rate) n/a 10% / 20% 10% / 20%
CGT Entreprenuers rate 10% 10% 10%
Inheritance tax nil rate band £325,000 £325,000 £325,000
Inheritance tax rate 40% 40% 40%
Rate is donate 10% of net estate to charity 36% 36% 36%
Enterprise Investment Scheme up to £1,000,000 £1,000,000 £1,000,000
Maximum amount for EIS carry back £50,000 £50,000 £50,000
Income tax relief 30% 30% 30%
Seed EIS at 50% £100,000 £100,000 £100,000
Venture Capital Trust up to £200,000 £200,000 £200,000
Rent a room exemption £4,250 £7,500 £7,500
Corporation Tax Year to 31.03.2016 Year to 31.03.2017 Year to 31.03.2018
Corporation tax rate 20% 20% 19%
VAT 2015/16 2016/17 2017/18
Standard rate 20% 20% 20%
Registration level £82,000 £83,000 £85,000