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UK Business Resources

Tax Rates 2020-21

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Tax Information

Gov Tax Updates

Articles Section

Tax Information

Tax Rates

Here we have the main tax rates for the last eight years in the UK, including allowances and limits. We also have the USA tax rates and much, much more.

Areas covered:

  • Income tax rates
  • National Insurance rates
  • Tax allowances and limits
  • Corporation tax rates
  • Capital gains tax rates
  • Inheritance tax rates

 VAT Rates

We show all the VAT rates and limits for the UK and for the European Union.

Tax Terms Explained

Search words used in the tax industry. You may have come across a few and may have heard a few from your accountant and tax adviser.

Inland Revenue Interest Rates

This section includes the interest rates for unpaid tax, beneficial loans and inheritance tax purposes.

Gov Tax Updates

*External links

From HM Revenue & Customs

Guidance: Childcare service: service availability and issues
Check the availability and any issues affecting the Childcare service.

Civil evasion penalties for Customs, Excise and VAT
This manual replaces previously held guidance in CCEP, EXCEP and VATCEP.

Detailed guide: Coronavirus (COVID-19): what to do if you’re already getting benefits
Guidance for people who were receiving benefits before the coronavirus (COVID-19) outbreak.

Notice: Excise Notice 47: duty free spirits - use in manufacture or for medical or scientific purposes
This notice is about duty free spirits for use in manufacture or for medical or scientific purposes.

Detailed guide: Aviation turbine fuel (Excise Notice 179a)
Find out about the rules for the supply and use of aviation turbine fuels (Avtur).

Detailed guide: Help and support for UK transition
Get help on UK transition with online webinars from HMRC.

Guidance: Attending an inland border facility
Information for heavy goods vehicle hauliers or drivers who attend an inland border facility, where customs and document checks can take place away from ports.

Press release: Fascinating facts about Self Assessment
HM Revenue and Customs shares some little-known facts about Self Assessment ahead of the 31 January 2021 deadline.

Guidance: Money laundering: understanding risks and taking action for estate agency and letting agency businesses
Recognise and reduce risk of money laundering if you are an estate agency or letting agency business.

VAT Fraud
This manual provides guidance on how to spot and tackle various types of VAT fraud


From HM Treasury

Policy paper: Freeports bidding prospectus
The Freeports bidding prospectus gives further details on the UK Freeports model and sets out how bidders can apply for Freeport status in England.

News story: UK Government helps more than 90,000 businesses in Scotland
Businesses in Scotland benefitted from more than £3.4 billion of UK Government-backed loans to protect and support jobs across the region

Transparency data: HM Treasury group payment performance
Transparency data on invoice payment times.

Correspondence: DAO 02/21 EU Law references in Managing Public Money
'Dear Accounting Officer' letters provide advice on accountability, regularity, propriety, value for money and annual accounting exercises.

Guidance: Project Initiation Routemap
These are tools to help UK public and private sector infrastructure providers improve the delivery of their projects and programmes.

News story: Billions of pounds of support helps businesses up and down the country
Businesses in all regions and nations of the UK have benefitted from billions of pounds in government-backed loans, according to new figures released today, 18 January.

Correspondence: CST response to Scottish Government request for additional funding
Letter in response to Scottish Government request for UK Government to use Covid-19 Response Fund.

Guidance: Budget representations: guidance
Guidance for submitting Budget representations.

News story: Government safeguards vital ferry services
Vital ferry links between the Isle of Wight and the mainland have been safeguarded with an additional £6.5 million of government support to ensure they can continue to run through the crisis, the Chief Secretary announced today, 15 January.

Policy paper: Guidance Document for the UK’s Equivalence Framework for Financial Services
This guidance document outlines the principles and processes which govern the UK’s equivalence framework.

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