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 2023/24

£13
Online
£13

You can file online and pay the filing charge by credit card or PayPal.

£40
By post
£40

Payment made by cheque with your eight-digit Company Registration Number written on the back.

UK Corporation Tax rates for 2023/24

19%
Small profits rate
19%

Profits under £50,000

25%
Main rate (eligible for Marginal Relief)
25%

Profits between £50,000 and £250,000

25%
Main rate (not eligible for Marginal Relief)
25%

Profits over £250,000

UK dividend tax rates and thresholds for 2023/24

8.75%
Basic rate
8.75%

On earnings from £12,571 to £37,700.

33.75%
Higher rate
33.75%

On earnings from £37,701 to £150,000.

39.35%
Additional rate
39.35%

On earnings over £150,000.

UK Income Tax rates and brackets for 2023/24

20%
Basic rate
20%

On earnings from £12,571 to £50,270.

40%
Higher rate
40%

On earnings from £50,271 to £125,140.

45%
Additional rate
45%

On earnings over £125,140.

UK mileage rates for 2023/24

45p/mile
Cars and goods vehicles
45p/mile

For the first 10,000 miles travelled in the tax year. 25p for every additional mile.

24p/mile
Motorcycles
24p/mile

For any distance travelled in the tax year.

20p/mile
Bicycles
20p/mile

For any distance travelled in the tax year.

Class 1 employee National Insurance rates for 2023/24

10%
Between the Primary Threshold and the Upper Earnings Limit
10%

On earnings from £1,048 to £4,189/month.

2%
Above the Upper Earnings Limit
2%

On earnings over £4,189/month.

Class 1 employer's National Insurance rates for 2023/24

13.8%
Class 1
13.8%

Rate above the Secondary Threshold (£758/month).

13.8%
Class 1A and 1B rate
13.8%

Rate paid on taxable expenses and benefits.

Class 2 National Insurance rates for 2023/24

£3.45/week
Class 2
£3.45/week

If your annual taxable profit exceeds £12,570/year.

Class 4 National Insurance rates for 2023/24

9%
On profits from £12,570 to £50,270/year.
9%

2%
On profits over £50,270/year.
2%

The UK Personal Allowance for 2023/24

£12,570
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 2023/24

19%
Starter rate
19%

On earnings from £12,571 to £14,732.

20%
Basic rate
20%

On earnings from £14,733 to £25,688.

21%
Intermediate rate
21%

On earnings from £25,689 to £43,662.

42%
Higher rate
42%

On earnings from £43,663 to £125,140.

47%
Top rate
47%

On earnings above £125,140.

UK VAT rates and thresholds for 2023/24

20%
Standard rate
20%

This rate of VAT applies to most goods and services.

5%
Reduced rate
5%

This rate of VAT applies to certain goods and services, including children’s car seats and home energy.

0%
Zero rate
0%

This rate of VAT applies to certain goods and services, including children’s clothes and most food items.