You will find below the most common types of tax rates, bands and allowances for the 2025/26 and 2026/27 tax years.
Since 6 April 2018 separate rates of Income Tax apply in Scotland.
2026/27 | 2025/26 | |
|---|---|---|
Personal Allowance | £12,570 | £12,570 |
Minimum Married Couples Allowance – people born before 6 April 1935 | £4,530 | £4,360 |
Maximum Married Couples Allowance – people born before 6 April 1935 | £11,700 | £11,270 |
Income Limit for Personal Allowances | £100,000 | £100,000 |
Blind Persons Allowance | £3,250 | £3,130 |
Marriage Allowance | £1,260 | £1,260 |
Dividend Allowance | £500 | £1,000 |
Savings Allowance (Basic Rate Taxpayers) | £1,000 | £1,000 |
Savings Allowance (Higher Rate Taxpayers) | £500 | £500 |
2026/27 | 2025/26 | |
|---|---|---|
Basic Rate | 20% | 20% |
Higher Rate | 40% | 40% |
Additional Rate | 45% | 45% |
Upper Limit for Basic Rate | £50,270 | £50,270 |
Upper Limit for Higher Rate | £125,140 | £125,140 |
2026/27 | 2025/26 | |
|---|---|---|
Weekly Lower Earnings Limit (LEL) | £129 | £125 |
Employers Threshold (ERT) | £96 | £96 |
Employees Threshold (EET) | £242 | £242 |
Upper Earnings Limit (UEL) | £967 | £967 |
Employer Rate – Below ERT | 0.00% | 0.00% |
Employer Rate – Above ERT | 15.00% | 13.80% |
Employee Rate – Below EET | 0.00% | 0.00% |
Employee Rate – EET to UEL | 8.00% | 8.00% |
Employee Rate – Above UEL | 2.00% | 2.00% |
2026/27 | 2025/26 | |
|---|---|---|
Weekly Class 2 Contribution Rate | £3.65 | £3.50 |
Class 2 Small Earnings Exception per year | £7,105 | £6,845 |
Class 4 Lower Profits Limit (LPL) | £12,570 | £12,570 |
Class 4 Upper Profits Limit (UPL) | £50,270 | £50,270 |
Class 4 Rate LPL to UPL | 6.00% | 6.00% |
Class 4 Rate above UPL | 2.00% | 2.00% |
2026/27 | 2025/26 | |
|---|---|---|
Capital Gains Annual Allowance | £3,000 | £3,000 |
Capital Gains Tax Rate for Basic Rate Taxpayers | 18.0% | 18.0% |
Capital Gains Tax Rate for Higher Rate Taxpayers | 24.0% | 24.0% |
Rent a Room Allowance | £7,500 | £7,500 |
2026/27 | 2025/26 | |
|---|---|---|
Value Added Tax (VAT) Registration Threshold | £90,000 | £90,000 |
Corporation Tax Rate for Small Companies | 19% | 19% |