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Tax tables:

Personal Tax bands / rates and allowances 2021/22 2020/21 2019/20
Basic rate band £37,700 £37,500 £37,500
Basic tax rate 20% 20% 20%
Dividend ordinary rate 7.5% 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 £37,701 – £150,000 £37,501 – £150,000 £37,501 – £150,000
Higher tax rate 40% 40% 40%
Dividend upper rate – for dividends otherwise taxable at the higher rate 32.5% 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 38.1% 38.1% 38.1%
Personal allowance £12,570 £12,500 £12,500
Dividend allowance £2,000 £2,000 £2,000
Personal savings allowance for basic/higher rate tax payers £1,000/£500 £1,000/£500 £1,000/£500
Trading / Rental Allowance £1,000 £1,000 £1,000
Blind person’s allowance £2,520 £2,500 £2,450
Marriage Allowance £1,260 £1,250 £1,250
Married couple’s allowance (dependant on birth date of elder spouse / civil partner)* £9,125 £9,075 £8,915
Tax reduction at 10% £912.50 £907.50 £891.50
*Allowances may be reduced depending on your level of income
Capital gains annual exemption – individuals, personal representatives and trustees of disabled persons £12,300 £12,300 £12,000
CG annual exemption – other trustees £6,150 £6,150 £6,000
CGT rate – residential property (basic rate/ higher rate) 18% / 28% 18% / 28% 18% / 28%
CGT rate – other gains (basic rate/ higher rate) 10% / 20% 10% / 20% 10% / 20%
CGT Entreprenuers rate 10% 10% 10%
Inheritance tax nil rate band £325,000 £325,000 £325,000
Inheritance tax residence nil rate band £175,000 £175,000 £150,000
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 £7,500 £7,500 £7,500
Corporation Tax Year to 31.03.2022 Year to 31.03.2021 Year to 31.03.2020
Corporation tax rate 19% 19% 19%
VAT 2021/22 2020/21 2019/20
Standard rate 20% 20% 20%
Registration level £85,000 £85,000 £85,000
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