{"id":693,"date":"2022-01-05T12:07:48","date_gmt":"2022-01-05T12:07:48","guid":{"rendered":"https:\/\/capitalaccountants.com\/?page_id=693"},"modified":"2026-02-26T14:15:13","modified_gmt":"2026-02-26T14:15:13","slug":"tax-tables","status":"publish","type":"page","link":"https:\/\/capitalaccountants.co.uk\/index.php\/tax-tables\/","title":{"rendered":"Tax Tables"},"content":{"rendered":"<div data-id='initial-content-section' data-export-id='initial-content-section' data-label='Initial Content' id='initial-content-section' class='content-section content-section-spacing'>\r\n   <div class='gridContainer'>\r\n     <div class='row'>\r\n\r\n        <div class='col-xs-12 col-sm-12'>                <p><style>#sp-ea-692 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-692.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-692.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #444;}#sp-ea-692.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-692.sp-easy-accordion>.sp-ea-single {background: #eee;}#sp-ea-692.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #444;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1686925949\"><div id=\"sp-ea-692\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card ea-expand sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6920\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6920\" aria-controls=\"collapse6920\" href=\"#\" aria-expanded=\"true\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-minus\"><\/i> INCOME TAX<\/a><\/h3><div class=\"sp-collapse spcollapse collapsed show\" id=\"collapse6920\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6920\"> <div class=\"ea-body\"><table style=\"height: 1406px\" width=\"939\"><thead><tr><td rowspan=\"2\"><strong>Band<\/strong><\/td><td colspan=\"4\"><strong>2026 \u2013 27<\/strong><\/td><td colspan=\"5\"><strong>2025 \u2013 2026<\/strong><\/td><\/tr><tr><td><strong>Taxable Income<\/strong><\/td><td><strong>Rate %<\/strong><\/td><td colspan=\"2\"><strong>Dividend Rate %<\/strong><\/td><td colspan=\"2\"><strong>Taxable Income<\/strong><\/td><td colspan=\"2\"><strong>Rate %<\/strong><\/td><td><strong>Dividend Rate %<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Personal Allowance<\/td><td>Up to \u00a312,570<\/td><td>0%<\/td><td colspan=\"2\">0%<\/td><td colspan=\"2\">Up to \u00a312,570<\/td><td colspan=\"2\">0%<\/td><td>0%<\/td><\/tr><tr><td>Basic rate<\/td><td>\u00a31 to \u00a337,700<\/td><td>20.0%<\/td><td colspan=\"2\">10.75%<\/td><td colspan=\"2\">\u00a31 \u2013 \u00a337,700<\/td><td colspan=\"2\">20.0%<\/td><td>8.75%<\/td><\/tr><tr><td>Higher rate<\/td><td>\u00a337,701 \u2013 \u00a3125,140<\/td><td>40.0%<\/td><td colspan=\"2\">33.75%<\/td><td colspan=\"2\">\u00a337,701 \u2013 \u00a3125,140<\/td><td colspan=\"2\">40.0%<\/td><td>33.75%<\/td><\/tr><tr><td>Additional rate<\/td><td>Over \u00a3125,140<\/td><td>45.0%<\/td><td colspan=\"2\">39.35%<\/td><td colspan=\"2\">Over \u00a3125,140<\/td><td colspan=\"2\">45.0%<\/td><td>39.35%<\/td><\/tr><tr><td colspan=\"10\">Personal Savings Allowance (PSA)<\/td><\/tr><tr><td>Basic rate xpayerte<\/td><td>\u00a31,000<\/td><td><\/td><td colspan=\"2\"><\/td><td colspan=\"2\">\u00a31,000<\/td><td colspan=\"2\"><\/td><td><\/td><\/tr><tr><td>Higher rate taxpayer<\/td><td>\u00a3500<\/td><td><\/td><td colspan=\"2\"><\/td><td colspan=\"2\">\u00a3500<\/td><td colspan=\"2\"><\/td><td><\/td><\/tr><\/tbody><thead><tr><td colspan=\"6\"><strong>Allowances<\/strong><\/td><td colspan=\"2\"><strong>2026-27<\/strong><\/td><td colspan=\"2\"><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td colspan=\"4\">Dividend Allowance (DA)<\/td><td colspan=\"2\"><\/td><td colspan=\"2\">\u00a3500<\/td><td colspan=\"2\">\u00a3500<\/td><\/tr><tr><td colspan=\"4\">Personal Allowance (PA)<\/td><td colspan=\"2\">(A)<\/td><td colspan=\"2\">\u00a312,570<\/td><td colspan=\"2\">\u00a312,570<\/td><\/tr><tr><td colspan=\"4\">Marriage Allowance<\/td><td colspan=\"2\">(B)<\/td><td colspan=\"2\">\u00a31,260<\/td><td colspan=\"2\">\u00a31,260<\/td><\/tr><tr><td colspan=\"4\">Blind Person\u2019s Allowance<\/td><td colspan=\"2\"><\/td><td colspan=\"2\">\u00a33,250<\/td><td colspan=\"2\">\u00a33,130<\/td><\/tr><tr><td colspan=\"4\">Rent a room relief<\/td><td colspan=\"2\">(C)<\/td><td colspan=\"2\">\u00a37,500<\/td><td colspan=\"2\">\u00a37,500<\/td><\/tr><tr><td colspan=\"4\">Trading Income<\/td><td colspan=\"2\">(C)<\/td><td colspan=\"2\">\u00a31,000<\/td><td colspan=\"2\">\u00a31,000<\/td><\/tr><tr><td colspan=\"4\">Property Income<\/td><td colspan=\"2\">(C)<\/td><td colspan=\"2\">\u00a31,000<\/td><td colspan=\"2\">\u00a31,000<\/td><\/tr><tr><td colspan=\"10\"><strong>(A) The Personal Allowance goes down by \u00a31 for every \u00a32 of income above the \u00a3100,000 limit. It can go down to zero.<br \/>(B) The part of the PA that is transferable to a spouse or civil partner who is not a higher or additional rate taxpayer.<br \/>(C) If gross income exceeds this, the limit may be deducted instead of actual expenses.<\/strong><\/td><\/tr><tr><td colspan=\"10\">BRB and additional rate threshold are increased by personal pension contributions (up to permitted limit) and Gift Aid donations.<\/td><\/tr><tr><td colspan=\"10\">General income (salary, pensions, business profits, rent) usually uses personal allowance, basic rate and higher rate bands before savings income (mainly interest).<br \/>To the extent that savings income falls in the first \u00a35,000 of the basic rate band, it is taxed at nil rather than 20%.<br \/>The PSA taxes interest at nil, where it would otherwise be taxable at 20% or 40%. Dividends are normally taxed as the \u2018top slice\u2019 of income. The DA taxes the first \u00a32,000 of dividend income at nil, rather than the rate that would otherwise apply.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6921\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6921\" aria-controls=\"collapse6921\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> NATIONAL INSURANCE CONTRIBUTIONS<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6921\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6921\"> <div class=\"ea-body\"><table style=\"height: 963px\" width=\"944\"><thead><tr><td><strong>Class 1 (Employees)<\/strong><\/td><td><strong>Employee 2026-27<\/strong><\/td><td><strong>Employer 2026-27<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Main NIC rate<\/td><td>8%<\/td><td>15%<\/td><\/tr><tr><td>No NIC on first<\/td><td>\u00a3242pw<\/td><td>\u00a396pw<\/td><\/tr><tr><td>Main rate charged up to (A)<\/td><td>\u00a3967pw<\/td><td>no limit<\/td><\/tr><tr><td>2% rate on earnings above<\/td><td>\u00a3967pw<\/td><td>N\/A<\/td><\/tr><tr><td>Employment allowance per business (B)<\/td><td>N\/A<\/td><td>\u00a310,500<\/td><\/tr><tr><td colspan=\"3\"><strong>(A) Nil rate of employer NIC on earnings up to \u00a3967pw for employees aged under 21, apprentices aged under 25 and ex-armed forces personnel in their first twelve months of civilian employment<br \/>(B) Some businesses do not qualify, including certain sole director companies and employers who have an employer\u2019s Class 1 NIC liability of \u00a3100,000 or more for 2022\/23.<br \/>Employer contributions (at 13.8%) are also due on most taxable benefits (Class 1A) and on tax paid on an employee\u2019s behalf under a PAYE settlement agreement (Class 1B).<\/strong><\/td><\/tr><tr><td colspan=\"3\"><strong>Class 2 (Self-employed)<\/strong><\/td><\/tr><tr><td colspan=\"2\">Flat rate per week if profits above \u00a312,570<\/td><td>\u00a30.00<\/td><\/tr><tr><td colspan=\"2\">Small profits threshold<\/td><td>\u00a37,105<\/td><\/tr><tr><td colspan=\"3\"><strong>Class 3 (Voluntary)<\/strong><\/td><\/tr><tr><td colspan=\"2\">Class 3: Flat rate per week<\/td><td>\u00a318.40<\/td><\/tr><tr><td colspan=\"3\"><strong>Class 4 (Self-employed)<\/strong><\/td><\/tr><tr><td colspan=\"2\">On profits between \u00a312,570 and \u00a350,270<\/td><td>6%<\/td><\/tr><tr><td colspan=\"2\">On profits over \u00a350,270<\/td><td>2%<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6922\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6922\" aria-controls=\"collapse6922\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> CAPITAL GAINS TAX<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6922\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6922\"> <div class=\"ea-body\"><table style=\"height: 715px\" width=\"941\"><thead><tr><td><strong>Details<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td colspan=\"3\"><strong>Annual exempt amount<\/strong><\/td><\/tr><tr><td>Individuals, estates, etc<\/td><td>\u00a3 3,000<\/td><td>\u00a3 3,000<\/td><\/tr><tr><td>Trusts generally<\/td><td>\u00a3 3,000<\/td><td>\u00a3 1,500<\/td><\/tr><tr><td colspan=\"3\"><strong>Tax rate<\/strong><\/td><\/tr><tr><td>Individual (to basic rate limit)<\/td><td>18% (A)<\/td><td>18% (A)<\/td><\/tr><tr><td>Individual (above basic rate limit)<\/td><td>24% (A)<\/td><td>24% (A)<\/td><\/tr><tr><td>Trusts, estates<\/td><td>24% (A)<\/td><td>24% (A)<\/td><\/tr><tr><td>Business Asset Disposal Relief (BADR)<\/td><td>18% (B)<\/td><td>14% (B)<\/td><\/tr><tr><td>Investors\u2019 Relief (IR)<\/td><td>18% (C)<\/td><td>14% (C)<\/td><\/tr><tr><td colspan=\"3\"><strong>(A)\u00a0Except for carried interest and chargeable gains on residential property which are taxed at 18% up to the basic rate limit and 28% above the basic rate limit.<br \/>(B)\u00a0For trading businesses and companies (minimum 5% employee or director shareholding) held for at least one year.<br \/>(C)\u00a0Shares in an unquoted trading company may qualify on lifetime gains up to \u00a310m.<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6923\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6923\" aria-controls=\"collapse6923\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> CORPORATION TAX<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6923\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6923\"> <div class=\"ea-body\"><table style=\"height: 21px\" width=\"942\"><thead><tr><td><strong>Year to<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Corporation Tax rate<\/td><td>25%<\/td><td>25%<\/td><\/tr><\/tbody><\/table><p><strong>Research and development relief<\/strong><\/p><table style=\"height: 239px\" width=\"942\"><thead><tr><td><\/td><td><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td>SME enhanced expenditure deduction scheme<\/td><td>(1)<\/td><td>86%<\/td><td>86%<\/td><\/tr><tr><td>Large company R&amp;D Expenditure Credit (RDEC) scheme<\/td><td>(2)<\/td><td>20%<\/td><td>20%<\/td><\/tr><tr><td colspan=\"4\"><strong>(1)\u00a0Additional deduction for qualifying R&amp;D.<br \/>(2)\u00a0Taxable expenditure credit for qualifying R&amp;D. SMEs that make losses can surrender the deduction to HMRC in exchange for a payment of 14.5% of the loss (capped at \u00a320,000 plus 3 x PAYE &amp; NIC for periods beginning from 1.4.21).<\/strong><\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6924\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6924\" aria-controls=\"collapse6924\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> VALUE ADDED TAX<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6924\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6924\"> <div class=\"ea-body\"><table style=\"height: 817px\" width=\"949\"><thead><tr><td><strong>Details<\/strong><\/td><td><strong>Current Rate (2026-27)<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Standard rate (1\/6 of VAT-inclusive price)<\/td><td>20%<\/td><\/tr><tr><td>Tourism and hospitality sector reduced rate \u2013 from 1.10.21-31.3.22<\/td><td>12.5%<\/td><\/tr><tr><td colspan=\"2\"><strong>Taxable Turnover Limits<\/strong><\/td><\/tr><tr><td>Registration level - Taxable turnover<\/td><td>\u00a390,000 per annum<\/td><\/tr><tr><td>Deregistration level - Taxable turnover<\/td><td>\u00a388,000 per annum<\/td><\/tr><tr><td colspan=\"2\"><strong>Flat Rate Scheme (FRS)<\/strong><\/td><\/tr><tr><td>Annual taxable turnover to enter scheme<\/td><td>Up to \u00a3150,000<\/td><\/tr><tr><td>Must leave scheme if annual gross turnover<\/td><td>Exceeds \u00a3230,000<\/td><\/tr><tr><td colspan=\"2\">If using FRS, the VAT paid by the business is a fixed percentage (based on business category) of \u2018FRS turnover\u2019 rather than the net of output tax over input tax. Input tax is usually not recoverable.<\/td><\/tr><tr><td colspan=\"2\"><strong>Cash accounting and Annual accounting schemes<\/strong><\/td><\/tr><tr><td>Annual taxable turnover to enter scheme<\/td><td>Up to \u00a31.35m<\/td><\/tr><tr><td>Must leave scheme if annual taxable turnover<\/td><td>Exceeds \u00a31,60m<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6925\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6925\" aria-controls=\"collapse6925\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> BASIC STATE PENSION<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6925\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6925\"> <div class=\"ea-body\"><table style=\"height: 225px\" width=\"941\"><thead><tr><td><strong>State pension (per week)<\/strong><\/td><td><strong>2026\u201327<\/strong><\/td><td><strong>2025\u201326<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Old state pension<\/td><td>\u00a3184,90<\/td><td>\u00a3176,45<\/td><\/tr><tr><td>New state pension *<\/td><td>\u00a3241,30<\/td><td>\u00a3230,25<\/td><\/tr><tr><td colspan=\"3\"><strong>* Applies to those reaching state retirement age after 5 April 2024.<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6926\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6926\" aria-controls=\"collapse6926\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> CAR BENEFIT FOR EMPLOYEES<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6926\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6926\"> <div class=\"ea-body\"><p><strong>Taxable benefit: List price of car multiplied by chargeable percentage.<\/strong><\/p><p>&nbsp;<\/p><table style=\"height: 630px\" width=\"944\"><thead><tr><td><strong>CO2<br \/>g\/km<\/strong><\/td><td><strong>Electric<br \/>Range<br \/>miles<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td>0<\/td><td>N\/A<\/td><td>4%<\/td><td>3%<\/td><\/tr><tr><td>1-50<\/td><td>&gt;130<\/td><td>4%<\/td><td>3%<\/td><\/tr><tr><td>1-50<\/td><td>70-129<\/td><td>7%<\/td><td>6%<\/td><\/tr><tr><td>1-50<\/td><td>40-69<\/td><td>10%<\/td><td>9%<\/td><\/tr><tr><td>1-50<\/td><td>30-39<\/td><td>14%<\/td><td>13%<\/td><\/tr><tr><td>1-50<\/td><td>&lt;30<\/td><td>16%<\/td><td>15%<\/td><\/tr><tr><td>51-54<\/td><td>N\/A<\/td><td>17%<\/td><td>16%<\/td><\/tr><tr><td colspan=\"4\">Then a further 1% for each 5g\/km CO2 emissions, up to a maximum of 37%.<\/td><\/tr><tr><td colspan=\"4\"><strong>Diesel cars that are not RDE2 standard suffer a 4% supplement on the above figures but are still capped at 37%.<\/strong><\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6927\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6927\" aria-controls=\"collapse6927\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> FUEL BENEFIT<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6927\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6927\"> <div class=\"ea-body\"><table style=\"height: 389px\" width=\"944\"><thead><tr><td><strong>FUEL BENEFIT<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>\u00a0<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td><strong>Multiply the CO2% used for the car benefit by<\/strong><\/td><td width=\"15%\">\u00a329,200<\/td><td width=\"15%\">\u00a328,200<\/td><\/tr><tr><td><strong>Vans \u2013 Fixed charge<\/strong><\/td><td>\u00a34,170<\/td><td>\u00a34,020<\/td><\/tr><tr><td><strong>Vans \u2013 Fuel benefit\u00a0\u00a0<\/strong>(if fuel is provided by the employer for private travel)<\/td><td>\u00a3798<\/td><td>\u00a3769<\/td><\/tr><tr><td><strong>Zero-emission vans charged<\/strong><\/td><td>\u00a30<\/td><td>\u00a30<\/td><\/tr><tr><td colspan=\"3\"><strong>Employee contributions do not reduce taxable figure unless all private fuel is paid for by the employee (in which case there is no benefit charge).<\/strong><\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6928\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6928\" aria-controls=\"collapse6928\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> CHILD TRUST FUND<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6928\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6928\"> <div class=\"ea-body\"><div class=\"panel panel-default\"><div id=\"collapse9\" class=\"panel-collapse collapse in\" role=\"tabpanel\" aria-labelledby=\"heading9\"><div class=\"panel-body\"><p>The Child Trust Fund (CTF) is a long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011.<br \/>The money in the CTF account belongs to the child but can\u2019t be taken out until they are 18.<br \/>Parents, family and friends can add money to the account up to a limit of \u00a39,000 in the 2026 to 2027 tax year.<\/p><p><strong><em>You can\u2019t apply for a new Child Trust Fund because the scheme is now closed. You can apply for a Junior ISA instead.<\/em><\/strong><\/p><p><strong>JUNIOR ISA<\/strong><\/p><p>You can\u2019t have a Junior ISA as well as a Child Trust Fund. If you want to open a Junior ISA ask the provider to transfer the trust fund into it.<br \/>The money in the Junior ISA account belongs to the child. The child can take control of the account when they\u2019re 16 but can\u2019t withdraw until they are 18.<\/p><p>Your child can only have:<\/p><ul><li>1 cash Junior ISA<\/li><li>1 stocks and shares Junior ISA<\/li><\/ul><p>&nbsp;<\/p><p>Anyone (including child) can pay money into a Junior ISA, but the total amount paid in can\u2019t go over \u00a39000 in the 2026 to 2027 tax year.<\/p><p>&nbsp;<\/p><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-6929\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse6929\" aria-controls=\"collapse6929\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> COMPANY CARS ADVISORY FUEL RATES<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse6929\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-6929\"> <div class=\"ea-body\"><table style=\"height: 837px\" width=\"945\"><thead><tr><td colspan=\"2\"><strong>(Effective from 01 March 2026)<\/strong><\/td><\/tr><tr><td colspan=\"2\"><strong>for employee private mileage reimbursement or employer reimbursement of business mileage in company cars<\/strong><\/td><\/tr><\/thead><tbody><tr><td width=\"26%\"><\/td><td width=\"17%\"><\/td><\/tr><tr><td><strong>Engine Size<\/strong><\/td><td><strong>Petrol \u2013 rate per mile<\/strong><\/td><\/tr><tr><td>1400cc or less<\/td><td>12p<\/td><\/tr><tr><td>1401cc \u2013 2000cc<\/td><td>14p<\/td><\/tr><tr><td>Over 2000cc<\/td><td>22p<\/td><\/tr><tr><td><strong>Engine Size<\/strong><\/td><td><strong>LPG \u2013 rate per mile<\/strong><\/td><\/tr><tr><td>1400cc or less<\/td><td>10p<\/td><\/tr><tr><td>1401cc \u2013 2000cc<\/td><td>12p<\/td><\/tr><tr><td>Over 2000cc<\/td><td>19p<\/td><\/tr><tr><td><strong>Engine Size<\/strong><\/td><td><strong>Diesel \u2013 rate per mile<\/strong><\/td><\/tr><tr><td>1600cc or less<\/td><td>12p<\/td><\/tr><tr><td>1601cc \u2013 2000cc<\/td><td>13p<\/td><\/tr><tr><td>Over 2000cc<\/td><td>18p<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69210\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69210\" aria-controls=\"collapse69210\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> EMPLOYEE SHARE SCHEMES LIMITS<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69210\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69210\"> <div class=\"ea-body\"><table style=\"height: 456px\" width=\"937\"><thead><tr><td width=\"69%\"><strong>\u00a0<\/strong><\/td><td width=\"20%\"><strong>2026-27<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Share incentive plans<\/strong><\/td><td><\/td><\/tr><tr><td><strong>Employer contributions<\/strong><\/td><td>\u00a33,600<\/td><\/tr><tr><td><strong>Employer matching<\/strong><\/td><td>(2:1)<\/td><\/tr><tr><td><strong>Employee<\/strong><\/td><td>\u00a31,800<\/td><\/tr><tr><td><strong>\u00a0<\/strong><\/td><td><\/td><\/tr><tr><td><strong>Enterprise\u00a0management incentive option value<\/strong><\/td><td>\u00a3250,000<\/td><\/tr><tr><td><strong>Approved share option schemes option value<\/strong><\/td><td>\u00a360,000<\/td><\/tr><tr><td><strong>Savings-related share options per month (up to)<\/strong><\/td><td>\u00a3500<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69211\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69211\" aria-controls=\"collapse69211\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> INDIVIDUAL SAVINGS ACCOUNT (ISA)<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69211\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69211\"> <div class=\"ea-body\"><table style=\"height: 425px\" width=\"944\"><thead><tr><td colspan=\"2\"><strong>\u00a0<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td colspan=\"2\"><strong>Overall limit<\/strong><\/td><td>\u00a320,000<\/td><td>\u00a320,000<\/td><\/tr><tr><td colspan=\"2\"><strong>Lifetime ISA<\/strong><\/td><td>\u00a34,000<\/td><td>\u00a34,000<\/td><\/tr><tr><td colspan=\"2\"><strong>Junior ISA<\/strong><\/td><td>\u00a39,000<\/td><td>\u00a39,000<\/td><\/tr><tr><td><\/td><td><strong>Relief<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>EIS<\/td><td>30%<\/td><td>\u00a31,000,000 (A)<\/td><td>\u00a31,000,000 (A)<\/td><\/tr><tr><td>Seed EIS (SEIS)<\/td><td>50%<\/td><td>\u00a3200,000<\/td><td>\u00a32,000,000<\/td><\/tr><tr><td>Venture Capital Trust (VCT)<\/td><td>30%<\/td><td>\u00a3200,000<\/td><td>\u00a3200,000<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><p>(A) The annual limit is increased to \u00a32,000,000 provided that any amount over \u00a31,000,000 is invested in knowledge-intensive companies<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69212\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69212\" aria-controls=\"collapse69212\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> INHERITANCE TAX<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69212\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69212\"> <div class=\"ea-body\"><table style=\"height: 810px\" width=\"945\"><thead><tr><td width=\"54%\"><strong>\u00a0Description<\/strong><\/td><td width=\"15%\"><strong>\u00a0<\/strong><\/td><td colspan=\"2\" width=\"15%\"><strong>2026-27<\/strong><\/td><td colspan=\"2\" width=\"15%\"><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>Nil rate band (NRB)<\/strong><\/td><td>(1)<\/td><td colspan=\"2\">\u00a3325,000<\/td><td colspan=\"2\">\u00a3325,000<\/td><\/tr><tr><td><strong>NRB Residential enhancement (RNRB)<\/strong><\/td><td>(2)<\/td><td colspan=\"2\">\u00a3175,000<\/td><td colspan=\"2\">\u00a3175,000<\/td><\/tr><tr><td><strong>Tax rate on death<\/strong><\/td><td>(3)<\/td><td colspan=\"2\">40%<\/td><td colspan=\"2\">40%<\/td><\/tr><tr><td><strong>Tax rate on lifetime transfers to most trusts<\/strong><\/td><td><\/td><td colspan=\"2\">20%<\/td><td colspan=\"2\">20%<\/td><\/tr><tr><td colspan=\"6\">1) Up to 100% of the proportion of a deceased spouse's\/civil partner's unused NRB and RNRB band may be claimed to increment the current NRB and RNRB when the survivor dies.<\/p><p>(2) RNRB is available for transfers of a main residence to (broadly) direct descendants. It tapers away at the rate of \u00a31 for every \u00a32 of estate value above \u00a32m.<\/p><p>(3) Rate reduced to 36% if at least 10% of the relevant estate is left to charity. Unlimited exemption for transfers between spouses\/civil partners, except if a UK long-term resident transferor and non-long-term resident transferee, where maximum exemption is \u00a3325,000.<\/p><p>&nbsp;<\/td><\/tr><tr><td colspan=\"6\">100% Business Property Relief (BPR) for all shareholdings in qualifying unquoted trading companies, qualifying unincorporated trading businesses and certain farmland\/buildings.<\/td><\/tr><tr><td colspan=\"6\"><strong>Reduced tax charge on gifts within 7 years before death<\/strong><\/td><\/tr><tr><td><strong>Years before death<\/strong><\/td><td>0-3<\/td><td>3-4<\/td><td>4-5<\/td><td>5-6<\/td><td>6-7<\/td><\/tr><tr><td><strong>% of full death tax charge payable<\/strong><\/td><td>100<\/td><td>80<\/td><td>60<\/td><td>40<\/td><td>20<\/td><\/tr><tr><td colspan=\"6\">Annual exemptions for lifetime gifts include \u00a33,000 per donor and \u00a3250 per recipient.<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69213\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69213\" aria-controls=\"collapse69213\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> MAIN CAPITAL AND OTHER ALLOWANCES<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69213\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69213\"> <div class=\"ea-body\"><table style=\"height: 975px\" width=\"943\"><tbody><tr><td colspan=\"4\" width=\"94%\"><strong>Plant and machinery allowances 2026-27<\/strong><\/td><td width=\"5%\"><strong>Rate<\/strong><\/td><\/tr><tr><td colspan=\"5\" width=\"100%\"><strong>Expenditure 1.4.2026-31.3.2027 (companies only)<\/strong><\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">First-year allowance (main pool expenditure)<\/td><td width=\"5%\">100%<\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">Super-deduction (main pool expenditure)<\/td><td width=\"5%\">N\/A<\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">First-year allowance (special rate pool expenditure)<\/td><td width=\"5%\">50%<\/td><\/tr><tr><td colspan=\"5\" width=\"100%\"><strong>Annual Investment Allowance (AIA)<\/strong><\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">expenditure 1.4.26 - 31.3.27 of up to \u00a31m<\/td><td width=\"5%\">100%<\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">New electric vans<\/td><td width=\"5%\">100%<\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">Writing down allowance: general pool (reducing balance)<\/td><td width=\"5%\">14%<\/td><\/tr><tr><td colspan=\"4\" width=\"94%\">Writing down allowance: special rate pool (reducing balance)<\/td><td width=\"5%\">6%<\/td><\/tr><tr><td colspan=\"5\" width=\"100%\"><strong>Motor cars purchased<\/strong><\/td><\/tr><tr><td width=\"41%\"><\/td><td width=\"17%\"><\/td><td width=\"19%\">CO2 (g\/km)<\/td><td colspan=\"2\" width=\"20%\">Allowance<\/td><\/tr><tr><td width=\"41%\">New cars only<\/td><td width=\"17%\"><\/td><td width=\"19%\">Nil<\/td><td colspan=\"2\" width=\"20%\">100%<\/td><\/tr><tr><td width=\"41%\">In general pool<\/td><td width=\"17%\"><\/td><td width=\"19%\">1 to 50<\/td><td colspan=\"2\" width=\"20%\">18%<\/td><\/tr><tr><td width=\"41%\">In special rate pool<\/td><td width=\"17%\"><\/td><td width=\"19%\">above 50<\/td><td colspan=\"2\" width=\"20%\">6%<\/td><\/tr><tr><td colspan=\"5\" width=\"100%\"><strong>Structures and buildings allowance<\/strong><\/td><\/tr><tr><td width=\"41%\">Fixed deduction per annum<\/td><td width=\"17%\"><\/td><td width=\"19%\"><\/td><td colspan=\"2\" width=\"20%\">3%<\/td><\/tr><tr><td width=\"342\"><\/td><td width=\"146\"><\/td><td width=\"162\"><\/td><td width=\"122\"><\/td><td width=\"43\"><\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69214\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69214\" aria-controls=\"collapse69214\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> MAIN DUE DATES FOR TAX PAYMENT<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69214\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69214\"> <div class=\"ea-body\"><table style=\"height: 1391px\" width=\"944\"><thead><tr><td colspan=\"4\"><strong>Payment dates<\/strong><\/td><\/tr><tr><td colspan=\"2\"><strong>Self assessment<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td>1st payment on account<\/td><td>31 January<\/td><td>2027<\/td><td>2026<\/td><\/tr><tr><td>2nd payment on account<\/td><td>31 July<\/td><td>2027<\/td><td>2026<\/td><\/tr><tr><td>Balancing payment<\/td><td>31 January<\/td><td>2028<\/td><td>2027<\/td><\/tr><tr><td>Capital Gains Tax (A)<\/td><td>31 January<\/td><td>2028<\/td><td>2027<\/td><\/tr><tr><td colspan=\"4\"><strong>(A) A CGT return is due within 60 days of completion of sale of any UK land and buildings by a non-resident and of sale of UK residential property with a tax liability by a UK resident. Any CGT payable is also due within 60 days<\/strong><\/td><\/tr><tr><td colspan=\"4\"><\/td><\/tr><tr><td colspan=\"2\"><strong>Other payment dates<\/strong><\/td><td><strong>2027-26<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><tr><td>Class 1A NIC<\/td><td>19 July<\/td><td>2027<\/td><td>2026<\/td><\/tr><tr><td>Class 1B NIC<\/td><td>19 October<\/td><td>2027<\/td><td>2026<\/td><\/tr><tr><td colspan=\"4\"><\/td><\/tr><tr><td colspan=\"4\"><strong>Corporation tax<\/strong>\u00a0is due 9 months and 1 day from the end of the accounting period, unless a \u2018large\u2019 company paying by quarterly instalments.<\/td><\/tr><tr><td colspan=\"4\"><\/td><\/tr><tr><td colspan=\"2\"><strong>Filing deadlines<\/strong><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><tr><td colspan=\"2\">Issue P60s to employees<\/td><td>31 May 2027<\/td><td>31 May 2026<\/td><\/tr><tr><td colspan=\"2\">P11D, P11D(b)<\/td><td>6 July 2027<\/td><td>6 July 2026<\/td><\/tr><tr><td colspan=\"4\">Self Assessment Tax Return (SATR)<\/td><\/tr><tr><td colspan=\"2\">paper version<\/td><td>31 October 2027<\/td><td>31 October 2024<\/td><\/tr><tr><td colspan=\"2\">Online SATR if outstanding tax to be included in 2024\/25 PAYE code (if under \u00a33,000)<\/td><td>30 December 2027<\/td><td>30 December 2024<\/td><\/tr><tr><td colspan=\"2\">Online SATR<\/td><td>31 January 2028<\/td><td>31 January 2025<\/td><\/tr><tr><td colspan=\"4\">A CGT return is due within 60 days of completion of sale of UK land and buildings by a non-resident and of sale of UK residential property with a tax liability by a UK resident.<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69215\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69215\" aria-controls=\"collapse69215\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> WORKING TAX CREDIT AND CHILD TAX CREDIT<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69215\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69215\"> <div class=\"ea-body\"><h2 data-start=\"137\" data-end=\"175\">Universal Credit Rates (Monthly)<\/h2><h3 data-start=\"177\" data-end=\"199\">Standard Allowance<\/h3><div class=\"TyagGW_tableContainer\"><div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\"><table class=\"w-fit min-w-(--thread-content-width)\" style=\"height: 174px\" width=\"618\" data-start=\"201\" data-end=\"457\"><thead data-start=\"201\" data-end=\"241\"><tr data-start=\"201\" data-end=\"241\"><th class=\"\" data-start=\"201\" data-end=\"212\" data-col-size=\"sm\"><\/th><th class=\"\" data-start=\"212\" data-end=\"226\" data-col-size=\"sm\"><strong data-start=\"214\" data-end=\"225\">2026\u201327<\/strong><\/th><th class=\"\" data-start=\"226\" data-end=\"241\" data-col-size=\"sm\"><strong data-start=\"228\" data-end=\"239\">2025\u201326<\/strong><\/th><\/tr><\/thead><tbody data-start=\"282\" data-end=\"457\"><tr data-start=\"282\" data-end=\"321\"><td data-start=\"282\" data-end=\"300\" data-col-size=\"sm\">Single under 25<\/td><td data-start=\"300\" data-end=\"310\" data-col-size=\"sm\">\u00a3338.58<\/td><td data-start=\"310\" data-end=\"321\" data-col-size=\"sm\">\u00a3316.98<\/td><\/tr><tr data-start=\"322\" data-end=\"363\"><td data-start=\"322\" data-end=\"342\" data-col-size=\"sm\">Single 25 or over<\/td><td data-start=\"342\" data-end=\"352\" data-col-size=\"sm\">\u00a3424.90<\/td><td data-start=\"352\" data-end=\"363\" data-col-size=\"sm\">\u00a3400.14<\/td><\/tr><tr data-start=\"364\" data-end=\"408\"><td data-start=\"364\" data-end=\"387\" data-col-size=\"sm\">Couple both under 25<\/td><td data-start=\"387\" data-end=\"397\" data-col-size=\"sm\">\u00a3528.34<\/td><td data-start=\"397\" data-end=\"408\" data-col-size=\"sm\">\u00a3497.55<\/td><\/tr><tr data-start=\"409\" data-end=\"457\"><td data-start=\"409\" data-end=\"436\" data-col-size=\"sm\">Couple (one or both 25+)<\/td><td data-start=\"436\" data-end=\"446\" data-col-size=\"sm\">\u00a3666.97<\/td><td data-start=\"446\" data-end=\"457\" data-col-size=\"sm\">\u00a3628.10<\/td><\/tr><\/tbody><\/table><\/div><h2 data-start=\"464\" data-end=\"484\">Child Elements<\/h2><div class=\"TyagGW_tableContainer\"><div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\"><table class=\"w-fit min-w-(--thread-content-width)\" style=\"height: 244px\" width=\"651\" data-start=\"486\" data-end=\"822\"><thead data-start=\"486\" data-end=\"525\"><tr data-start=\"486\" data-end=\"525\"><th class=\"\" data-start=\"486\" data-end=\"496\" data-col-size=\"md\"><\/th><th class=\"\" data-start=\"496\" data-end=\"510\" data-col-size=\"sm\"><strong data-start=\"498\" data-end=\"509\">2026\u201327<\/strong><\/th><th class=\"\" data-start=\"510\" data-end=\"525\" data-col-size=\"sm\"><strong data-start=\"512\" data-end=\"523\">2025\u201326<\/strong><\/th><\/tr><\/thead><tbody data-start=\"565\" data-end=\"822\"><tr data-start=\"565\" data-end=\"627\"><td data-start=\"565\" data-end=\"606\" data-col-size=\"md\">First child (born before 6 April 2017)<\/td><td data-start=\"606\" data-end=\"616\" data-col-size=\"sm\">\u00a3351.88<\/td><td data-start=\"616\" data-end=\"627\" data-col-size=\"sm\">\u00a3339.00<\/td><\/tr><tr data-start=\"628\" data-end=\"717\"><td data-start=\"628\" data-end=\"696\" data-col-size=\"md\">First child (born after 6 April 2017) \/ second &amp; subsequent child<\/td><td data-start=\"696\" data-end=\"706\" data-col-size=\"sm\">\u00a3303.94<\/td><td data-start=\"706\" data-end=\"717\" data-col-size=\"sm\">\u00a3292.81<\/td><\/tr><tr data-start=\"718\" data-end=\"769\"><td data-start=\"718\" data-end=\"748\" data-col-size=\"md\">Disabled child (lower rate)<\/td><td data-start=\"748\" data-end=\"758\" data-col-size=\"sm\">\u00a3164.79<\/td><td data-start=\"758\" data-end=\"769\" data-col-size=\"sm\">\u00a3158.76<\/td><\/tr><tr data-start=\"770\" data-end=\"822\"><td data-start=\"770\" data-end=\"801\" data-col-size=\"md\">Disabled child (higher rate)<\/td><td data-start=\"801\" data-end=\"811\" data-col-size=\"sm\">\u00a3514.71<\/td><td data-start=\"811\" data-end=\"822\" data-col-size=\"sm\">\u00a3495.87<\/td><\/tr><\/tbody><\/table><\/div><\/div><h2 data-start=\"829\" data-end=\"854\">Additional Elements<\/h2><div class=\"TyagGW_tableContainer\"><div class=\"group TyagGW_tableWrapper flex flex-col-reverse w-fit\"><table class=\"w-fit min-w-(--thread-content-width)\" style=\"height: 353px\" width=\"837\" data-start=\"856\" data-end=\"1366\"><thead data-start=\"856\" data-end=\"895\"><tr data-start=\"856\" data-end=\"895\"><th class=\"\" data-start=\"856\" data-end=\"866\" data-col-size=\"md\"><\/th><th class=\"\" data-start=\"866\" data-end=\"880\" data-col-size=\"sm\"><strong data-start=\"868\" data-end=\"879\">2026\u201327<\/strong><\/th><th class=\"\" data-start=\"880\" data-end=\"895\" data-col-size=\"sm\"><strong data-start=\"882\" data-end=\"893\">2025\u201326<\/strong><\/th><\/tr><\/thead><tbody data-start=\"935\" data-end=\"1366\"><tr data-start=\"935\" data-end=\"972\"><td data-start=\"935\" data-end=\"951\" data-col-size=\"md\">Carer element<\/td><td data-start=\"951\" data-end=\"961\" data-col-size=\"sm\">\u00a3209.34<\/td><td data-start=\"961\" data-end=\"972\" data-col-size=\"sm\">\u00a3201.68<\/td><\/tr><tr data-start=\"973\" data-end=\"1030\"><td data-start=\"973\" data-end=\"1009\" data-col-size=\"md\">Limited Capability for Work (LCW)<\/td><td data-start=\"1009\" data-end=\"1019\" data-col-size=\"sm\">\u00a3158.76<\/td><td data-start=\"1019\" data-end=\"1030\" data-col-size=\"sm\">\u00a3158.76<\/td><\/tr><tr data-start=\"1031\" data-end=\"1137\"><td data-start=\"1031\" data-end=\"1116\" data-col-size=\"md\">Limited Capability for Work and Work-Related Activity (LCWRA) \u2013 existing claimants<\/td><td data-start=\"1116\" data-end=\"1126\" data-col-size=\"sm\">\u00a3429.80<\/td><td data-start=\"1126\" data-end=\"1137\" data-col-size=\"sm\">\u00a3423.27<\/td><\/tr><tr data-start=\"1138\" data-end=\"1197\"><td data-start=\"1138\" data-end=\"1172\" data-col-size=\"md\">Childcare costs (1 child \u2013 max)<\/td><td data-start=\"1172\" data-end=\"1184\" data-col-size=\"sm\">\u00a31,071.09<\/td><td data-start=\"1184\" data-end=\"1197\" data-col-size=\"sm\">\u00a31,031.88<\/td><\/tr><tr data-start=\"1198\" data-end=\"1261\"><td data-start=\"1198\" data-end=\"1236\" data-col-size=\"md\">Childcare costs (2+ children \u2013 max)<\/td><td data-start=\"1236\" data-end=\"1248\" data-col-size=\"sm\">\u00a31,836.16<\/td><td data-start=\"1248\" data-end=\"1261\" data-col-size=\"sm\">\u00a31,768.94<\/td><\/tr><tr data-start=\"1262\" data-end=\"1314\"><td data-start=\"1262\" data-end=\"1293\" data-col-size=\"md\">Work allowance (higher rate)<\/td><td data-start=\"1293\" data-end=\"1303\" data-col-size=\"sm\">\u00a3710.00<\/td><td data-start=\"1303\" data-end=\"1314\" data-col-size=\"sm\">\u00a3684.00<\/td><\/tr><tr data-start=\"1315\" data-end=\"1366\"><td data-start=\"1315\" data-end=\"1345\" data-col-size=\"md\">Work allowance (lower rate)<\/td><td data-start=\"1345\" data-end=\"1355\" data-col-size=\"sm\">\u00a3427.00<\/td><td data-start=\"1355\" data-end=\"1366\" data-col-size=\"sm\">\u00a3411.00<\/td><\/tr><\/tbody><\/table><\/div><p>&nbsp;<\/p><\/div><\/div><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69216\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69216\" aria-controls=\"collapse69216\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> JOBSEEKER ALLOWANCE<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69216\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69216\"> <div class=\"ea-body\"><table style=\"height: 540px\" width=\"945\"><thead><tr><td colspan=\"2\"><strong>Who is eligible for Jobseeker\u2019s Allowance?<\/strong><\/td><\/tr><\/thead><tbody><tr><td colspan=\"2\">To claim Jobseeker\u2019s Allowance you need to be actively looking for work and:<br \/># over 18 but below State Pension age<br \/># unemployed or working fewer than 16 hours per week<br \/># living in England, Scotland or Wales<br \/>Under 18s: you can\u2019t get Jobseeker\u2019s Allowance, except in special circumstances.<br \/>Under 20s: you can\u2019t get Jobseeker\u2019s Allowance while you are in education and your parents are receiving Child Benefit for you.<br \/>Full time students: you can\u2019t usually get Jobseeker\u2019s Allowance until your course has officially finished \u2013 check the date with your college or university.<\/td><\/tr><tr><td colspan=\"2\"><strong>How much will you get paid?<\/strong><\/td><\/tr><tr><td colspan=\"2\"><strong>Depending on your circumstances you may be entitled to the following amounts:<\/strong><\/td><\/tr><tr><td><strong>Age<\/strong><\/td><td><strong>Maximum weekly amount<\/strong><\/td><\/tr><tr><td>18 to 24<\/td><td>\u00a375.65<\/td><\/tr><tr><td>25 or over<\/td><td>\u00a0<strong data-start=\"664\" data-end=\"674\">\u00a395.55<\/strong><\/td><\/tr><tr><td>Couples (both aged over 18)<\/td><td>\u00a3150.15<\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><p>All amounts are the <strong data-start=\"898\" data-end=\"922\">maximum weekly rates<\/strong> for Jobseeker\u2019s Allowance for the tax year <strong data-start=\"966\" data-end=\"997\">6 April 2026 \u2013 5 April 2027<\/strong>.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69217\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69217\" aria-controls=\"collapse69217\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> REGISTERED PENSIONS<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69217\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69217\"> <div class=\"ea-body\"><table style=\"height: 225px\" width=\"944\"><thead><tr><td><\/td><td><strong>2026-27<\/strong><\/td><td><strong>2025-26<\/strong><\/td><\/tr><\/thead><tbody><tr><td>Lifetime Allowance (LA)<\/td><td>abolished<\/td><td>abolished<\/td><\/tr><tr><td>Annual Allowance (AA)*<\/td><td>\u00a360,000<\/td><td>\u00a360,000<\/td><\/tr><tr><td colspan=\"3\">Annual relievable pension inputs are the higher of earnings (capped at AA) or \u00a33,600.<\/td><\/tr><tr><td colspan=\"3\"><\/td><\/tr><\/tbody><\/table><p>&nbsp;<\/p><p>&nbsp;<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69218\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69218\" aria-controls=\"collapse69218\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> STAMP DUTIES<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69218\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69218\"> <div class=\"ea-body\"><table style=\"height: 1248px\" width=\"948\"><thead><tr><td colspan=\"3\"><strong>Transfers of property are subject to stamp duty land tax at the following rates:<\/strong><\/td><\/tr><tr><td width=\"271\"><strong>\u00a0<\/strong><\/td><td width=\"187\"><strong>\u00a0<\/strong><\/td><td width=\"185\"><strong>\u00a0<\/strong><\/td><\/tr><tr><td width=\"271\"><strong>Residential<\/strong><\/td><td width=\"187\"><strong>Standard Rate<br \/>(Single)<\/strong><\/td><td width=\"185\"><strong>Buy-to-let<br \/>(Second home rate)<\/strong><\/td><\/tr><\/thead><tbody><tr><td width=\"271\"><strong>Value up to to \u00a3125,000<\/strong><\/td><td width=\"187\">0%<\/td><td width=\"185\">5%<\/td><\/tr><tr><td width=\"271\"><strong>Over \u00a3125,000* to \u00a3250,000<\/strong><\/td><td width=\"187\">2%<\/td><td width=\"185\">7%<\/td><\/tr><tr><td width=\"271\"><strong>Over \u00a3250,000 to \u00a3925,000<\/strong><\/td><td width=\"187\">5%<\/td><td width=\"185\">10%<\/td><\/tr><tr><td width=\"271\"><strong>Over \u00a3925,000 to \u00a31,500,000<\/strong><\/td><td width=\"187\">10%<\/td><td width=\"185\">15%<\/td><\/tr><tr><td width=\"271\"><strong>Over \u00a31,500,000**<\/strong><\/td><td width=\"187\">12%<\/td><td width=\"185\">17%<\/td><\/tr><tr><td colspan=\"3\" width=\"644\"><strong>The calculation of SDLT on purchase of non-residential property was changed from the whole transaction value to the same basis as residential (consideration falling within each band).<\/strong><\/td><\/tr><tr><td width=\"271\"><strong>Commercial<\/strong><\/td><td width=\"187\"><\/td><td width=\"185\"><strong>Tax Rate<\/strong><\/td><\/tr><tr><td width=\"271\">Value up to \u00a3150,000<\/td><td width=\"187\"><\/td><td width=\"185\">0%<\/td><\/tr><tr><td width=\"271\">Over \u00a3150,000 to \u00a3250,000<\/td><td width=\"187\"><\/td><td width=\"185\">2%<\/td><\/tr><tr><td width=\"271\">Over \u00a3250,000<\/td><td width=\"187\"><\/td><td width=\"185\">5%<\/td><\/tr><tr><td colspan=\"3\"><strong>The rate of stamp duty \/ stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5 per cent. If you buy stocks and shares for \u00a31,000 or less you don\u2019t normally have to pay any stamp duty.<\/strong><\/td><\/tr><tr><td width=\"271\"><strong>New Leases<\/strong><\/td><td width=\"187\"><\/td><td width=\"185\"><\/td><\/tr><tr><td colspan=\"3\"><p data-start=\"1246\" data-end=\"1283\"><strong data-start=\"1246\" data-end=\"1283\">Residential leases (NPV of rent):<\/strong><\/p><p data-start=\"1287\" data-end=\"1308\">Up to \u00a3125,000 \u2192 0%<\/p><p data-start=\"1287\" data-end=\"1308\">Over \u00a3125,000 \u2192 1%<\/p><p data-start=\"1331\" data-end=\"1372\"><strong data-start=\"1331\" data-end=\"1372\">Non-residential leases (NPV of rent):<\/strong><\/p><p data-start=\"1376\" data-end=\"1397\">Up to \u00a3150,000 \u2192 0%<\/p><p data-start=\"1400\" data-end=\"1420\">Over \u00a3150,000 \u2192 1%<\/p><p data-start=\"1422\" data-end=\"1525\">Duty is charged according to the net present value (NPV) of rental payments over the term of the lease.<\/p><p data-start=\"1527\" data-end=\"1633\">VAT is excluded from consideration provided the landlord has not opted to tax before the lease is granted.<\/p><\/td><\/tr><tr><td width=\"271\"><strong>Lease premiums<\/strong><\/td><td width=\"187\"><\/td><td width=\"185\"><\/td><\/tr><tr><td colspan=\"3\"><strong>Duty on premiums is the same as for transfers of land.<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69219\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69219\" aria-controls=\"collapse69219\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> TAX-FREE MILEAGE ALLOWANCE<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69219\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69219\"> <div class=\"ea-body\"><table style=\"height: 319px\" width=\"948\"><thead><tr><td colspan=\"2\" width=\"99%\"><strong>A statutory system of Approved Mileage Allowance Payments (AMAPs) applies for employees using their own vehicles for business journeys, as follows:<\/strong><\/td><\/tr><\/thead><tbody><tr><td width=\"77%\"><strong>Cars and vans:<\/strong><\/td><td width=\"22%\"><\/td><\/tr><tr><td><strong>on the first 10,000 miles in the tax year<\/strong><\/td><td>45p per mile<\/td><\/tr><tr><td><strong>on each additional mile above this<\/strong><\/td><td>25p per mile<\/td><\/tr><tr><td><strong>Business passengers<\/strong><\/td><td>5p per mile<\/td><\/tr><tr><td><strong>Motorcycles<\/strong><\/td><td>24p per mile<\/td><\/tr><tr><td><strong>Bicycles<\/strong><\/td><td>20p per mile<\/td><\/tr><\/tbody><\/table><p>Unless the employee is reimbursed at a rate higher than the AMAP, the payments do not need to be reported on a P11D. If the employer pays less than these rates, it is possible for the employee to claim income tax relief for the shortfall.<br \/>Rates of up to 5p per mile, per passenger, are also tax and NICs free when paid for the carriage of fellow employees on the same business trip. This also covers volunteers who drive for hospital care services etc, even though they are not strictly employees.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-69220\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse69220\" aria-controls=\"collapse69220\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> KEY PAYE FIGURES<\/a><\/h3><div class=\"sp-collapse spcollapse \" id=\"collapse69220\" data-parent=\"#sp-ea-692\" role=\"region\" aria-labelledby=\"ea-header-69220\"> <div class=\"ea-body\"><table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"223\" data-end=\"649\"><thead data-start=\"223\" data-end=\"259\"><tr data-start=\"223\" data-end=\"259\"><th class=\"\" data-start=\"223\" data-end=\"238\" data-col-size=\"sm\"><strong data-start=\"225\" data-end=\"237\">Category<\/strong><\/th><th class=\"\" data-start=\"238\" data-end=\"259\" data-col-size=\"md\"><strong data-start=\"240\" data-end=\"257\">Amount \/ Rate<\/strong><\/th><\/tr><\/thead><tbody data-start=\"270\" data-end=\"649\"><tr data-start=\"270\" data-end=\"329\"><td data-start=\"270\" data-end=\"291\" data-col-size=\"sm\">Personal Allowance<\/td><td data-start=\"291\" data-end=\"329\" data-col-size=\"md\">\u00a312,570 per year (tax-free income)<\/td><\/tr><tr data-start=\"330\" data-end=\"381\"><td data-start=\"330\" data-end=\"354\" data-col-size=\"sm\">Basic Income Tax Rate<\/td><td data-start=\"354\" data-end=\"381\" data-col-size=\"md\">20% (\u00a312,571 \u2013 \u00a350,270)<\/td><\/tr><tr data-start=\"382\" data-end=\"435\"><td data-start=\"382\" data-end=\"407\" data-col-size=\"sm\">Higher Income Tax Rate<\/td><td data-start=\"407\" data-end=\"435\" data-col-size=\"md\">40% (\u00a350,271 \u2013 \u00a3125,140)<\/td><\/tr><tr data-start=\"436\" data-end=\"488\"><td data-start=\"436\" data-end=\"465\" data-col-size=\"sm\">Additional Income Tax Rate<\/td><td data-start=\"465\" data-end=\"488\" data-col-size=\"md\">45% (over \u00a3125,140)<\/td><\/tr><tr data-start=\"489\" data-end=\"525\"><td data-start=\"489\" data-end=\"519\" data-col-size=\"sm\">Employee National Insurance<\/td><td data-start=\"519\" data-end=\"525\" data-col-size=\"md\">8%<\/td><\/tr><tr data-start=\"526\" data-end=\"563\"><td data-start=\"526\" data-end=\"556\" data-col-size=\"sm\">Employer National Insurance<\/td><td data-start=\"556\" data-end=\"563\" data-col-size=\"md\">15%<\/td><\/tr><tr data-start=\"564\" data-end=\"649\"><td data-start=\"564\" data-end=\"588\" data-col-size=\"sm\">PAYE Payment Deadline<\/td><td data-start=\"588\" data-end=\"649\" data-col-size=\"md\">19th of the following month (22nd if paid electronically)<\/td><\/tr><\/tbody><\/table><p>How PAYE works: payroll automatically deducts Income Tax, National Insurance and other applicable deductions from an employee\u2019s salary and reports them to HMRC via RTI.<\/p><p>For 2026\u20132027, the Personal Allowance is \u00a312,570 (tax code 1257L), meaning income up to this amount is tax-free.<\/p><p>&nbsp;<\/p><\/div><\/div><\/div><\/div><\/div>\n<\/p>\r\n\r\n          <\/div>\r\n      <\/div>\r\n  <\/div>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"pro\/page-templates\/full-width-page.php","meta":{"footnotes":""},"class_list":["post-693","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=693"}],"version-history":[{"count":3,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/693\/revisions"}],"predecessor-version":[{"id":1373,"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/693\/revisions\/1373"}],"wp:attachment":[{"href":"https:\/\/capitalaccountants.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}