UK Business Resources, Legal Documents, Tax Rates

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

Compliance Handbook
The aim of the Compliance Handbook is to give you clear and comprehensive guidance to help you and external customers understand and apply the penalties and compliance powers introduced by FA 2007 to FA 2013. The guidance is in two sections: The technical guidance (CH1 - CH199999) explains the legislation and the overall policy about the way it should be applied. The operational guidance (CH200000 onwards) explains how to use the penalties and powers in your job. We are still developing this manual and we will add further guidance as it is produced for all compliance matters, both technical and operational.

Detailed guide: Insolvency (VAT Notice 700/56)
Find out how to account for VAT and who to contact if you're an insolvency practitioner and you're appointed over insolvent VAT-registered businesses.

Detailed guide: Help and support if your business is affected by coronavirus (COVID-19)
Watch videos and register for the free webinars to learn more about the support available to help you deal with the economic impacts of coronavirus.

Oil Taxation Manual
An overview of the law and practice for the oil fiscal regime, in particular Petroleum Revenue Tax, ring fence Corporation Tax and the supplementary charge

Detailed guide: Tax support for overseas businesses investing in the UK
Non-resident businesses can get advice on how UK tax law applies using HMRC's Inward Investment Support service

Guidance: Contact lists of providers who support Customs Freight Simplified Procedures
Find contact lists of providers who support Customs Freight Simplified Procedures (CFSP) traders.

Detailed guide: Check if you can claim for your employees' wages through the Coronavirus Job Retention Scheme
Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19).

Detailed guide: If you've claimed too much or not enough from the Coronavirus Job Retention Scheme
Find out what you need to do if you've claimed too much or not enough from the Coronavirus Job Retention Scheme.

Detailed guide: Calculate how much you can claim using the Coronavirus Job Retention Scheme
Calculate how much you have to pay your furloughed employees for hours on furlough, how much you can claim for employer NICs and pension contributions and how much you can claim back.

Tax Credits Manual
How HM Revenue & Customs handles Child Tax Credit and Working Tax Credit cases

--------------------

From HM Treasury

Guidance: Who is subject to financial sanctions in the UK?
A guide to the current consolidated list of asset freeze targets, and a list of persons subject to restrictive measures in view of Russia's actions destabilising the situation in Ukraine.

Guidance: Financial sanctions, Central African Republic
The Central African Republic is currently subject to financial sanctions. This document provides a current list of designated persons.

Guidance: Disguised remuneration: independent loan charge review
The independent review of the disguised remuneration loan charge has now concluded and the government has published its response.

Guidance: Financial sanctions, Republic of Guinea-Bissau
The Republic of Guinea-Bissau is currently subject to financial sanctions. This document contains the current list of designated persons.

Guidance: Financial sanctions, Myanmar (Burma)
Myanmar (Burma) is currently subject to EU regulations. This document provides a current list of designated persons.

Guidance: Country and regional analysis guidance 2020
Revised guidance for departments for the country and regional analysis (CRA) data collection exercise.

Guidance: Whole of Government Accounts 2019 to 2020: guidance for preparers
Guidance for central government and local government preparers for Whole of Government Accounts.

Press release: Coronavirus support measures help 65,000 businesses in Scotland
New data published today reveals more than 65,000 businesses in Scotland benefitted from over £2.3 billion of support through government-supported loan schemes

News story: Coronavirus support measures help every region and nation in the UK
New data published today reveals how businesses across every corner of the UK continue to be supported through government-backed coronavirus loan schemes.

News story: Joint Statement on the U.S. - UK Financial Innovation Partnership meeting
U.S. and UK participants in the U.S.-UK Financial Innovation Partnership (FIP) met virtually on 5 August, 2020, to exchange views on topics of mutual interest as part of their ongoing partnership.