Tax basics

Tax rates, allowances and amounts

  • How much of your income is taxed
  • How to go about calculating your tax bill – the factors you should take into account
  • Full details of tax allowances for the tax years 2016-17 and 2015-16

What's in this guide

What taxes you pay

Learn what income tax, National Insurance, stamp duty, VAT and the other main taxes are all about and how much you can expect to pay.

Tax-free income and allowances

Our handy list of allowances allows you to work out exactly how much tax-free income you are entitled to.

Tax reliefs

Find out which payments can be set against your income to reduce the amount of tax you have to pay. 

How much tax you pay

Work out how much tax you can expect to pay on various forms of income, such as employment, pensions, property and savings. Contains video

How to calculate your tax bill

This simple guide makes it quick and easy to calculate your taxable income, both from savings and other forms of pay.

How tax is collected

Learn whether your tax is likely to be deducted at source (PAYE) or collected through an annual tax return.

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