Tax Rates 2024/25



Income Tax
Annual investment limits
National Insurance Contributions
Vehicle Benefits
Tax-free mileage allowances
Capital Gains Tax
Corporation Tax
Main capital allowances
Property Taxes
Value Added Tax
Inheritance Tax
Key dates and deadlines
Useful rates
National minimum wage

Key dates and deadlines

Payment dates
Self assessment   2024/25 2023/24
1st payment on account 31 January 2025 2024
2nd payment on account 31 July 2025 2024
Balancing payment 31 January 2026 2025
Capital Gains Tax* 31 January 2026 2025
Other payment dates
Class 1A NIC 19 July 2025 2024
Class 1B NIC 19 October 2025 2024

Corporation tax is due 9 months and 1 day from the end of the accounting period, unless a ‘large’ company paying by quarterly instalments.

2023/24 Filing deadlines
Issue P60s to employees 31 May 2024
P11D, P11D(b) 6 July 2024
Self Assessment Tax Return (SATR) paper version 31 October 2024
Online SATR if outstanding tax to be included in 2025/26 PAYE code (if under £3,000)
30 December 2024
Online SATR 31 January 2025

*A CGT return is due within 60 days of completion of sale of UK land and buildings by a non-resident and of sale of UK residential property with a tax liability by a UK resident. Any CGT payable is also due within 60 days.