UK tax rates and allowances 2026/27

Wondering what the UK tax rates are for 2026/27?

Download our UK tax tables for a clear, at‑a‑glance overview of the main tax rates, thresholds and allowances affecting individuals and businesses. The 2026/27 tax tables cover key areas including:

The personal allowance remains £12,570, with a reduction for incomes over £100,000.
UK (non‑Scottish) income tax rates continue at 20% (basic), 40% (higher) and 45% (additional).
Scottish income tax rates and bands apply separately for non‑savings, non‑dividend income.
Dividend allowance is £500, with different tax rates depending on your income band.
The High Income Child Benefit Charge applies where adjusted net income is between £60,000 and £80,000.

Employees pay 8% Class 1 NICs on earnings above the primary threshold, reducing to 2% above the upper earnings limit.
Employers pay 15% Class 1 NICs on most earnings above the secondary threshold.
Self‑employed individuals may pay Class 2 and Class 4 NICs, depending on profits.

The annual pension allowance is £60,000, with tapering for high earners.
The money purchase annual allowance is £10,000.
ISA allowances remain £20,000, with separate limits for Lifetime ISAs and Junior ISAs.

The annual CGT exemption is £3,000 for individuals.
Standard CGT rates are 18% or 24%, depending on income level, with different rules for trusts and estates.
Business Asset Disposal Relief applies at a reduced rate, subject to a lifetime limit.

The nil‑rate band is £325,000, with an additional residence nil‑rate band of £175,000 where applicable.
The standard IHT rate is 40%, reduced to 36% where charitable giving conditions are met.

Small companies pay 19% on profits up to £50,000.
Profits between £50,001 and £250,000 are subject to marginal relief.
The main corporation tax rate remains 25% for profits above £250,000.

The standard VAT rate stays at 20%, with reduced and zero rates applying to certain supplies.
The VAT registration threshold is £90,000.

Stamp Duty Land Tax, Land and Buildings Transaction Tax (Scotland) and Land Transaction Tax (Wales) apply at different rates depending on location, property value and buyer status.
Additional surcharges may apply for second homes, corporate purchases and non‑UK residents.

Download UK Tax Tables 2026/27

These tax tables are a general guide only and are based on legislation in force at the time of publication. Tax rates and allowances may change, and individual circumstances vary. Professional advice should always be sought before taking action.

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