United Kingdom
✓ VerifiedLast verified: Starter coverage
Tax authority: HM Revenue & Customs (HMRC). Tax year runs 6 April to 5 April (2026-27 now).
Main taxes
Income Tax
2026-27 (England, Wales, NI): £12,570 Personal Allowance, then 20% to £50,270, 40% to £125,140 and 45% above. Scotland has its own six bands.
National Insurance
Employees pay 8% on weekly earnings between £242 and £967 and 2% above. Employers pay 15%. Self-employed pay Class 4 at 6% and 2%.
VAT
Standard rate 20%, reduced rate 5%, zero rate 0%.
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Rates as of 2026-11-03 · Source: European Central Bank reference rates. Indicative rates for reference only, not for transactions. Converter →