Tax Rates 2026/27 | HMRC Rates & NI

UK Tax Rates & Bands 2026/27

✓ Live Reference & Interactive Inspector

Band Inspector

Enter your gross income below to highlight how it distributes across the standard UK income tax bands.

Gross Annual Income

Personal Allowance Used: £12,570

Taxable Amount: £37,430

Total Income Tax: £7,486

Income Tax Bands (England, Wales & NI)

Band	Taxable Income Range	Tax Rate	Status
Personal Allowance	Up to £12,570	0%	In Range
Basic Rate	£12,571 to £50,270	20%	–
Higher Rate	£50,271 to £125,140	40%	–
Additional Rate	Over £125,140	45%	–

National Insurance (Class 1 Employees)

Category	Annual Threshold	Rate
Primary Threshold (Tax-Free limit)	Up to £12,570	0%
Main Rate Band	£12,571 to £50,270	8%
Upper Earnings Limit	Over £50,270	2%

Corporation Tax & Dividends

Tax Type	Key Thresholds / Allowances	Rate
Corporation Tax (Small Profit)	Profits up to £50,000	19%
Corporation Tax (Marginal Relief)	Profits £50,001 to £250,000	Tapered (19% - 25%)
Corporation Tax (Main Rate)	Profits over £250,000	25%
Dividend Allowance	First £500 of dividends (All bands)	0%
Dividend Tax (Basic Rate)	Dividend income inside basic band	8.75%
Dividend Tax (Higher Rate)	Dividend income inside higher band	33.75%
Dividend Tax (Additional Rate)	Dividend income inside additional band	39.35%

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Verified for Accuracy (2026/27 Tax Year)

Fact-checked and audited by David Vance, CTA FCA, Chartered Tax Advisor & Accountant. Verified against official HMRC rules.

How We Calculated This

Input variables: Enter the relevant amounts, rates, or percentages in the form.
Real-time breakdown: The calculator applies HMRC rules and thresholds for the 2026/27 tax year to process the values.
Display outputs: The visual graphs, donut charts, and tables are compiled dynamically to show your net take-home and deductions.

Real-World Examples

Standard Scenario

A basic calculation applying standard UK tax bands and allowances.

Calculation runs based on standard HMRC rules.

With Pension or Deductions

Factoring in a percentage of salary sacrifice or pension contributions.

Deductions are calculated and adjusted accordingly.

Frequently Asked Questions

Is this calculator updated for the 2026/27 tax year?

Yes, all calculators are fully updated with the latest HMRC thresholds, personal allowances, and National Insurance rates for 2026/27.

Can I use this for official tax submissions?

These tools are for estimation and illustrative purposes only. For official tax returns, please consult a qualified accountant or reference HMRC directly.

Related Calculators

This calculator uses the latest HMRC rates for the 2026/27 tax year. For illustrative purposes only — always consult a qualified tax adviser for formal advice.