UK tax rates tracker

All listed rates, thresholds, limits and charges are updated every time a change is made so you'll always know where you and your business stand with HMRC.

Companies House confirmation statements: filing costs for 2024/25

Online: £13
You can file online and pay the filing charge by credit card or PayPal.
By post: £40
Payment made by cheque with your eight-digit Company Registration Number written on the back.

UK Corporation Tax rates for 2024/25

Small profits rate: 19%
Profits under £50,000
Main rate (eligible for Marginal Relief): 25%
Profits between £50,000 and £250,000
Main rate (not eligible for Marginal Relief): 25%
Profits over £250,000

UK dividend tax rates and thresholds for 2024/25

Basic rate: 8.75%
On earnings from £12,571 to £50,270.
Higher rate: 33.75%
On earnings from £50,271 to £125,140.
Additional rate: 39.35%
On earnings over £125,140.

UK Income Tax rates and brackets for 2024/25

Basic rate: 20%
On earnings from £12,571 to £50,270.
Higher rate: 40%
On earnings from £50,271 to £125,140.
Additional rate: 45%
On earnings over £125,140.

UK mileage rates for 2024/25

Cars and goods vehicles: 45p/mile
For the first 10,000 miles travelled in the tax year. 25p for every additional mile.
Motorcycles: 24p/mile
For any distance travelled in the tax year.
Bicycles: 20p/mile
For any distance travelled in the tax year.

Class 1 employee National Insurance rates for 2024/25

Between the Primary Threshold and the Upper Earnings Limit: 8%
On earnings from £1,048 to £4,189/month.
Above the Upper Earnings Limit: 2%
On earnings over £4,189/month.

Class 1 employer's National Insurance rates for 2024/25

Class 1: 13.8%
Rate above the Secondary Threshold (£758/month).
Class 1A and 1B rate: 13.8%
Rate paid on taxable expenses and benefits.

Class 2 National Insurance rates for 2024/25

Class 2: £3.45/week
Paying Class 2 National Insurance is not compulsory. However, if your annual taxable profit is under £6,725/year, you may wish to make voluntary payments in order to qualify for certain benefits including the State Pension.

Class 4 National Insurance rates for 2024/25

On profits from £12,570 to £50,270/year.: 6%
On profits over £50,270/year.: 2%

The UK Personal Allowance for 2024/25

Personal Allowance: £12,570
For every £2 earned over £100,000, the Personal Allowance goes down by £1.

Scottish Income Tax rates and brackets for 2024/25

Starter rate: 19%
On earnings from £12,571 to £14,876.
Basic rate: 20%
On earnings from £14,877 to £26,561.
Intermediate rate: 21%
On earnings from £26,562 to £43,662.
Higher rate: 42%
On earnings from £43,663 to £75,000.
Advanced rate: 45%
On earnings from £75,001 to £125,140.
Top rate: 48%
On earnings above £125,140.

UK VAT rates and thresholds for 2024/25

Standard rate: 20%
This rate of VAT applies to most goods and services.
Reduced rate: 5%
This rate of VAT applies to certain goods and services, including children’s car seats and home energy.
Zero rate: 0%
This rate of VAT applies to certain goods and services, including children’s clothes and most food items.