All sourced from Gov.uk
Tax Rates
Tax Rates
Minimum Wages Rates | |||||
| Period | 23 and over | 21 to 22 | 18 to 20 | Under 18 | Apprentice |
| April 2022 to March 2023 | £9.50 | £9.18 | £6.83 | £4.81 | £4.81 |
| April 2021 to March 2022 | £8.91 | £8.36 | £6.56 | £4.62 | £4.30 |
| 25 and over | 21 to 24 | 18 to 20 | Under 18 | Apprentice | |
| April 2020 to March 2021 | £8.72 | £8.20 | £6.45 | £4.55 | £4.15 |
| April 2019 to March 2020 | £8.21 | £7.70 | £6.15 | £4.35 | £3.90 |
| April 2018 to March 2019 | £7.83 | £7.38 | £5.90 | £4.20 | £3.70 |
| April 2017 to March 2018 | £7.50 | £7.05 | £5.60 | £4.05 | £3.50 |
| October 2016 to March 2017 | £7.20 | £6.95 | £5.55 | £4.00 | £3.40 |
| April 2016 to September 2016 | £7.20 | £6.70 | £5.30 | £3.87 | £3.30 |
| 21 and over | 18 to 20 | Under 18 | Apprentice | ||
| April 2015 to March 2016 | £6.70 | £5.30 | £3.87 | £3.30 | |
| April 2014 to March 2015 | £6.50 | £5.13 | £3.79 | £2.73 | |
| April 2013 to March 2014 | £6.31 | £5.03 | £3.72 | £2.68 | |
| April 2012 to March 2013 | £6.19 | £4.98 | £3.68 | £2.65 | |
Corporation Tax Bands | |||||||||
| Rate | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Small profits rate (companies with profits under £300,000) | 19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Main rate (companies with profits over £300,000) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Main rate (all profits except ring fence profits) | 25% | 19% | 19% | 19% | 19% | 19% | 19% | 20% | 20% |
| Special rate (unit trusts and open-ended investment companies) | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% | 20% |
Personal Tax Allowances | |||||
| Band | Rate | 2021 to 2022 | 2020 to 2021 | 2019 to 2020 | 2018 to 2019 |
| Starting rate for savings | 10% | Up to £5,000 | Up to £5,000 | Up to £5,000 | Up to £5,000 |
| Basic rate | 20% | Up to £50,270 | Up to £37,500 | Up to £37,500 | Up to £34,500 |
| Higher rate | 40% | £50,271 to £150,000 | £37,501 to £150,000 | £37,501 to £150,000 | £34,501 to £150,000 |
| Additional rate | 45% | Over £150,000 | Over £150,000 | Over £150,000 | Over £150,000 |