Tax rates & allowances

Personal tax rates and allowances are generally set for income tax years running to 5 April. Corporate rates and allowances are set for financial years running to 31 March.

06 Oct 2022

Government abandons plan to scrap 45p top rate of income tax

The government has abandoned its plan to abolish the top rate of income tax due to the negative reaction it has received.

06 Oct 2022

Chancellor outlines growth measures at Mini Budget

Chancellor Kwasi Kwarteng used the 2022 Mini Budget to announce a series of tax cuts for businesses and individuals.