Tax rates

Tax year 2026/27. Each figure comes from the linked GOV.UK page, checked on 18 October 2026. Scottish rates are not in the table.

Rate	Value	Year	Source
Small profits limit	£50,000	2026/27	GOV.UK
Corporation Tax, small profits	19%	2026/27	GOV.UK
Main rate limit	£250,000	2026/27	GOV.UK
Corporation Tax, main rate	25%	2026/27	GOV.UK
National Living Wage, 21+	£12.71	2026/27	GOV.UK
Personal allowance	£12,570	2026/27	GOV.UK
Basic-rate threshold	£50,270	2026/27	GOV.UK
Income Tax, basic rate	20%	2026/27	GOV.UK
Additional-rate threshold	£125,140	2026/27	GOV.UK
Income Tax, higher rate	40%	2026/27	GOV.UK
Income Tax, additional rate	45%	2026/27	GOV.UK
Personal allowance starts to taper	£100,000	2026/27	GOV.UK
Allowance taper	£1 / £2	2026/27	GOV.UK
Class 4, lower limit	£12,570	2026/27	GOV.UK
Class 4, upper limit	£50,270	2026/27	GOV.UK
Class 4, main rate	6%	2026/27	GOV.UK
Class 4, upper rate	2%	2026/27	GOV.UK
VAT, standard rate	20%	2026/27	GOV.UK
Marginal relief fraction	3/200	2026/27	GOV.UK
CIS, registered subcontractor	20%	2026/27	GOV.UK
CIS, unregistered subcontractor	30%	2026/27	GOV.UK
CIS, gross payment	0%	2026/27	GOV.UK