Here's the tax rates for 2021/22 in a table form.

tax-1351881_1280.pngWe've included previous years as well, so you can see how things have changed.

Income tax rates – England, Wales and Northern Ireland

Non-savings and non-dividend taxable income

£

Rate

%

Tax

£

Cumulative

£

2021/22

Savings: 0–5,000

0–37,700

37,701–150,000

Over 150,000

 

0

20

40

45

 

Nil

7,540.00

44,920.00

-

 

Nil

7,540.00

52,460.00

-

2020/21

Savings: 0–5,000

0–37,500

37,501–150,000

Over 150,000

 

0

20

40

45

 

Nil

7,500.00

45,000.00

-

 

Nil

7,500.00

52,500.00

-

2019/20

Savings: 0–5,000

0–37,500

37,501–150,000

Over 150,000

 

0

20

40

45

 

Nil

7,500.00

45,000.00

-

 

Nil

7,500.00

52,500.00

-

2018/19

Savings: 0–5,000

0–34,500

34,501–150,000

Over 150,000

 

0

20

40

45

 

Nil

6,900.00

46,200.00

 

Nil

6,900.00

53,100.00

-

2017/18

Savings: 0–5,000

0–33,500

33,501–150,000

Over 150,000

 

0

20

40

45

 

Nil

6,700.00

46,600.00

 

Nil

6,700.00

53,300.00

2016/17

Savings: 0–5,000

0–32,000

32,001–150,000

Over 150,000

 

0

20

40

45

 

Nil

6,400.00

47,200.00

 

Nil

6,400.00

53,600.00

2015/16

Savings: 0–5,000

0–31,785

31,786–150,000

Over 150,000

 

0

20

40

45

 

Nil

6,357.00

47,286.00

 

Nil

6,357.00

53,643.00

Tax rates for savings income

Savings within:

2021/22

2020/21

20/19/20

2018/19

2017/18

2016/17

2015/16

Savings rate band

0%

0%

0%

0%

0%

0%

0%

Basic rate band

PSA: £1,000

20%

0%

20%

0%

20%

0%

20%

0%

20%

0%

20%

0%

20%

N/A

Higher rate band

PSA: £500

40%

0%

40%

0%

40%

0%

40%

0%

40%

0%

40%

0%

40%

N/A

Additional rate band

45%

45%

45%

45%

45%

45%

45%

Tax rates for dividend income

Dividends within:

2021/22

2020/21

2019/20

2018/19

2017/18

2016/17

Basic rate band

Dividend allowance

7.5%

£2,000

7.5%

£2,000

7.5%

£2,000

7.5%

£2,000

7.5%

£5,000

7.5%

£5,000

Higher rate band

Dividend allowance

32.5%

£2,000

32.5%

£2,000

32.5%

£2,000

32.5%

£2,000

32.5%

£5,000

32.5%

£5,000

Additional rate band

Dividend allowance

38.1%

£2,000

38.1%

£2,000

38.1%

£2,000

38.1%

£2,000

38.1%

£5,000

38.1%

£5,000

Personal allowances and reliefs

 

2021/22

£

2020/21

£

2019/20

£

2018/19

£

2017/18

£

2016/17

£

Personal allowance

Born after 5 April 1948

Income limit for personal allowance

 

 

12,570

100,000

 

12,500

100,000

 

12,500

100,000

 

11,850

100,000

 

11,500

100,000

 

11,000

100,000

Married allowances

Marriage (born on/after 6 April1935)

Minimum (born before 6 April 1935)

Maximum (born before 6 April 1935)

 

1,260

 

3,530

9,125

 

1,250

 

3,510

9,075

 

1,250

 

3,450

8,915

 

1,190

 

3,360

8,695

 

1,150

 

3,260

8,455

 

1,100

 

3,220

8,355

Blind person’s allowance

2,520

2,500

2,450

2,390

2,320

2,290

Rent-a-room relief

7,500

7,500

7,500

7,500

7,500

7,500

Trading income

1,000

1,000

1,000

1,000

1,000

-

Property income

1,000

1,000

1,000

1,000

1,000

-

Corporation tax rates

 

Financial year commencing 1 April

 

2022

2021

2020

2019

2018

2017

2016

Main rate

19%

19%

19%

19%

19%

19%

20%

Corporation tax to split into a main rate (25%) and small profits rate (19%) from 1 April 2023

CGT rates and annual exemptions

Tax Year

Annual exempt amount

Tax rate paid by

Individuals, personal representatives (PRs) and trusts for disabled

General trusts

Individuals

within:

Trustees and PRs

 

 

Basic rate band

Higher tax bands

 

£

£

%

%

%

2021/22

residential property & carried interest

12,300

6,150

10

18

20

28

20

28

2020/21

residential property & carried interest

12,300

6,150

10

18

20

28

20

28

2019/20

residential property & carried interest

12,000

6,000

10

18

20

28

20

28

2018/19

residential property & carried interest

11,700

5,850

10

18

20

28

20

28

2017/18

residential property & carried interest

11,300

5,650

10

18

20

28

20

28

2016/17

 residential property & carried interest

11,100

5,550

10

18

20

28

20

28

NIC rates and thresholds

NIC: Class 1 monthly thresholds

Employee

(primary)

2021/22

£

2020/21

£

2019/20

£

2018/19

£

2017/18

£

2016/17

£

Lower earnings limit (LEL)

520

520

512

503

490

486

Primary threshold (PT)

797

792

719

702

680

672

Upper earnings limit (UEL) and

Upper secondary threshold (UST)

4,189

4,167

4,167

3,863

3,750

3,583

Employer (secondary threshold)

737

732

720

702

680

676

NIC: Class 2 rates and threshold

Tax year

Flat rate per week

Share fishermen per week

Volunteer development workers per week

Small earnings exception/profit threshold

£

£

£

£

2021/22

3.05

3.70

6.00

6,515

2020/21

3.05

3.70

6.00

6,475

2019/20

3.00

3.65

5.90

6,365

2018/19

2.95

3.60

5.80

6,205

2017/18

2.85

3.50

5.65

6,025

2016/17

2.80

3.45

5.60

5,965

2015/16

2.80

3.45

5.60

5,965

NIC: Class 3 rates

Tax Year

Weekly Rate
£

2021/22

15.40

2020/21

15.30

2019/20

15.00

2018/19

14.65

2017/18

14.25

2016/17

14.10

2015/16

14.10

NIC: Class 4 rates and thresholds

(SSCBA 1992, ss 15(3) & 15(3ZA))

Tax Year

Main rate

Additional rate

Lower profits limit

Upper profits limit

%

%

£

£

2021/22

9

2

9,568

50,270

2020/21

9

2

9,500

50,000

2019/20

9

2

8,632

50,000

2018/19

9

2

8,424

46,350

2017/18

9

2

8,164

45,000

2016/17

9

2

8,060

43,000

2015/16

9

2

8,060

42,385

VAT Registration and deregistration limits

 Effective date

 Registration turnover:

£

 Registration exception: turnover not exceeding

£

Deregistration turnover

£

1 April 2018- 31 March 2024

85,000

83,000

83,000

1 April 2017

85,000

83,000

83,000

1 April 2016

83,000

81,000

81,000

1 April 2015

82,000

80,000

80,000

1 April 2014

81,000

79,000

79,000