News 1. Corporation tax rate ​ A small profits rate of 19% was also announced for companies with profits of £50,000 or less. Companies with profits between £50,000 and £250,000 will pay tax at the main rate, reduced by a marginal relief. This provides a gradual increase in the effective Corporation Tax rate. For profits from 1 April 2023, use the Marginal Relief calculator to work out how much Marginal Relief you can claim on your Corporation Tax. ​   News 1a. Capital Gains Tax allowances You only have to pay Capital Gains Tax on your overall gains above your tax-free allowance (called the Annual Exempt Amount). The Capital Gains tax-free allowance is:

£3,000

£1,500 for trust

​ ​     News 1b. Income Tax rates and Personal Allowances   England and Northern Ireland The standard employee personal allowance for the 2025 to 2026 tax year is:

£242 per week

£1,048 per month

£12,570 per year

​ PAYE tax rate             Rate of tax                     Annual earnings the rate applies to                                                                                                (above the PAYE threshold)   Basic tax rate                    20%                                   Up to £37,700 Higher tax rate                 40%                                     From £37,701 to £125,140 Additional tax rate           45%                                   Above £125,140     Emergency tax codes The emergency tax codes from 6 April 2025 are:

1257L  W1

1257L M1

1257L X