UK Tax Rates 2020 - 21

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UK tax year date : 6th April 2020 - 5th April 2021



Income Tax Rates top of page 2020 - 21
Starting rate for savings
£0 - £5,000
0%
Basic tax rate
£0 - £37,500
20%
Higher tax rate
Over £37,500
40%
Additional rate
Over £150,000
45%

Basic rate on dividend Income

7.50%
Higher rate on dividend income 32.50%
Additional rate on dividend income 38.10%
Scottish taxpayers
Starter rate Scottish taxpayers
£0 -  £2,085
19%
Basic  tax rate
£2,086 - £12,658
20%
Intermediate rate
£12,659 - £30,930
21%
Higher tax rate
£30,931 - £150K
41%
Top rate
Over £150K
46%
   
Income Tax Allowances top of page 2020 - 21
Personal allowance £12,500
Income limit for age-related allowances £30,200
Married couple's allowance born before 6 April 1935 £9,075
Minimum amount of married couple's allowance £3,510
Blind person's allowance £2,500
Rent a room tax free income £7,500
Dividend allowance £2,000
Property Allowance £1,000
Trading Allowance £1,000
Transferable marriage allowance £1,250
   
Reduced tax allowances by £1 for every £2 income over £100,000
   
National Insurance  top of page 2020 - 21
LEL  per week £120
UEL per week £962
Primary Threshold per week £183
Secondary Threshold per week £169
Employee - between PT - UEL (A) 12%
Employee - Over UEL 2%
Employers class 1 over ST 13.8%
Employment Allowance £4,000
   
Corporation Tax   top of page 2020 - 21
All profit 19%
   
Capital Gains Tax  top of page 2020 - 21
Individuals 10% and 20%
Trust 20%
Surcharge for residential property and carried interest 8%
Qualifying Entrepreneurs' Relief 10%

Annual Exemption/ relief

Individuals £12,300
Trust  £6,150
   
Inheritance Tax top of page 2020 - 21
Nil band £325,000
Residence Nil band £175,000
Lifetime transfers 20%
Transfer within 7 years of death (tapered) 40%
If more than 10% of net estate left to charity 36%
   

UK Tax Rates - Past and Present

UK Tax rates 2020 - 21

UK Tax rates 2019 - 20

UK Tax rates 2018 - 19

UK Tax rates 2017 - 18

UK Tax rates 2016 - 17

UK Tax rates 2015 - 16

UK Tax rates 2014 - 15

UK Tax rates 2013 - 14


UK Tax rates 2012 - 13

UK Tax rates 2011 - 12

UK Tax rates 2010 - 11

UK Tax rates 2009 - 10

UK Tax rates 2008 - 9

UK Tax rates 2007 - 8

UK Tax rates 2006 - 7


UK Tax rates 2005 - 6

UK Tax rates 2004 - 5

UK Tax rates 2003 - 4

UK Tax rates 2002 - 3

UK Tax rates 2001 - 2

UK Tax rates 2000 - 1

UK Tax rates 1999 - 0



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Credit Application Form National debt Alternate bid
Suggestio falsi Charities WTO
Crown copyright Job-ready Monetary Policy
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Mala fides Derivative action Margin Scheme Package
Demurrage Grant of representation Bill of Lading
Balance of trade (BOT) Faucet Overrule
BOGOFF Interpleader The Bar
Loan Stock Mitigating Circumstances Rupiah
National Insurance (NI) Ex parte Trojan

UK tax rates, get much more information from the official authority site

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