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 |