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VATDIGITAL.COM
Demystifying VAT
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UK TAX RATES
Corporation Tax Rates
​
Rate 2024/25
​Main Rate 25%
Small Profit Rate 19%
​
Marginal Rate 26.50%​
Capital Gains Tax Rates
​
Asset 2024/25
​Residential Property 25%
​
Other Assets 19%
​
Investment Trust 28% (Carried Interest)​
​
* Tax Free Allowance £3,000, £1,500 Unit Trusts
Inheritance Tax Rates
​​
Band Taxable Income Tax Rate
​Tax Free Threshold £325,000 0%
​​​
Taxed Above £325,000 40%
​​​
​
VAT Rates
​
Rate 2024/25
​Standard Rate 20%
Reduced Rate 5%
Zero Rate 0%​
Income Tax Rates
​​
Band Taxable Income Tax Rate
​Personal Allowance upto £12,570 0%
​​
Basic Rate £12,570 - £50,270 20%
​​
Higher Rate £50,271 - £125,140 40%
Additional Rate £125,140 and above 45%
Personal Savings Allowance
​​
Income Tax Band Personal Savings Allowance
Basic Rate £1,000 ​​
Higher Rate £500
​
Additional Rate £0
​​​
​
Tax on Dividends
​​
Income Tax Band Tax Rate Over the Allowance
Basic Rate 8.75%
​​
Higher Rate 33.75%
​
Additional Rate 39.35%
​​​
* Dividend Allowance TY 2024 /2025 = £500​
Stamp Duty Land Tax (SDLT)
​​
Property Value SDLT Rate
0 to £125,000 0%
£125,001 to £250,000 2%
​£250,001 to £925,000 5%
​£925,001 to £1,500,000 10%​​
£1,500,001 and above 12%​