Tax Rates & Allowances

Band & Rates	2020 / 2021	2019 / 2020
Basic Rate – income up to	£37,500	£37,500
Main Basic Rate	20%	20%
Savings Basic Rate	20%	20%
Default Basic Rate	20%	20%
Starting rate for savings income	0%	0%
Starting Rate limit (saving income)	£5,000	£5,000
Dividend ordinary rate – for dividends otherwise taxable at the basic rate	7.5%	7.5%
Higher Rate – income over	£37,500	£37,500
Main Higher Rate	40%	40%
Savings Higher Rate	40%	40%
Default Higher Rate	40%	40%
Dividend upper rate – for dividends otherwise taxable at the higher rate	32.5%	32.5%
Additional Rate – income over	£150,000	£150,000
Main Additional Rate	45%	45%
Savings Additional Rate	45%	45%
Default Additional Rate	45%	45%
Dividend additional rate – for dividends otherwise taxable at the additional rate	38.1%	38.1%
Trustee’s Income
Standard rate on first £1,000 of income which would otherwise be taxable at the special rates for trustees	Up to 20%, depends on the type of income	Up to 20%, depends on the type of income
Trust Rate	45%	45%
Dividend Trust Rate	38.1%	38.1%

 

Income Tax Allowances	2020 / 2021	2019 / 2020
Personal Allowance	£12,500	£12,500
Income limit for Personal Allowance	£100,000	£100,000
Income limit for married couples allowance	£30,200	£29,600
Maximum Married couple’s allowance for those born before 6 April 1935	£9,075	£8,915
Minimum Married couple’s allowance for those born before 6 April 1935	£3,510	£3,450
Blind persons allowance	£2,500	£2,450
Transferrable Marriage Allowance	£1,250	£1,250
Dividend Allowance	£2,000	£2,000
Personal savings allowance for basic rate taxpayer	£1,000	£1,000
Personal savings allowance for higher rate taxpayer	£500	£500

National Minimum Wage

Use the National Minimum Wage calculator to check if you’re paying a worker the National Minimum Wage or if you owe them payments from past years. The rates, below, apply from 1 April 2020.

Category of worker	Hourly Rate
Aged 25 and above (national living wage rate	£8.72
Aged 21 to 24 inclusive	£8.20
Aged 18 to 20 inclusive	£6.45
Under 18 (but above compulsory school leaving age)	£4.55
Apprentices aged under 19	£4.15
Apprentices aged 19 and over, but in the first year of their apprenticeship	£4.15

Student Loan Recovery

Rate of threshold	Figures to use 2020/2021
Employee earnings threshold for Plan 1	£19,390 per year £1,615.83 per month £372.88 per week
Employee earnings threshold for Plan 2	£26,575 per year £2,214.58 per month £511.05 per week
Student loan deductions	9%
Employee earnings threshold for Postgraduate Loan	£21,000 per year £1,750 per month £403.84 per week
Student loan deductions	6%

Class 1 NICs: Employee and Employer rates and thresholds per week	2020 / 2021	2019 / 2020
Weekly Lower Earnings Limit (LEL)	£120	£118
Weekly Primary Threshold (PT)	£183	£166
Weekly Secondary Threshold (ST)	£169	£166
Upper Earnings (UEL)	£962	£962
Upper Secondary Threshold for U21’s	£962	£962
Apprentice Upper Secondary Threshold (AUST) for under 25s	£962	£962
Employment Allowance (per employer)	£4,000/year	£3,000/year
Employee’s (primary) Class 1 contribution rates
Below LEL	0%	0%
LEL – PT	0%	0%
PT – UEL	12%	12%
Above UEL	2%	2%
Maried woman’s reduced rate for (primary) Class 1 contribution rates
Weekly earnings from between the PT and UEL	5.85%	5.85%
Weekly earnings from above UEL	2%	2%
Employer’s (secondary) Class 1 contribution rates
Below ST	0%	0%
Above ST	13.8%	13.8%
Employer’s (secondary) Class 1 contribution rates for employees under 21
Below UST	0%	0%
Above UST	13.8%	13.8%
Employer’s (secondary) Class 1 contribution rates for Apprentices under 25
Below AUST	0%	0%
Above AUST	13.8%	13.8%

Class 2 NICs: Self-employed rates and thresholds per week	2020 / 2021	2019 / 2020
Small Profits Threshold (SPT)	£6,475	£6,365
Annual profits
Below SPT	£0/week	£0/week
Above SPT	£3.05	£3.00
Special Class 2 rate for share fishermen	£3.70	£3.65
Special Class 2 rate for volunteer development workers	£6.00	£5.90

Class 3 NICs: Other rates and thresholds per week	2020 / 2021	2019 / 2020
Voluntary contributions	£15.30	£15.00

Class 4 NICs: Self-employed rates and thresholds per year	2020 / 2021	2019 / 2020
Lower Profits Limit (LPL)	£9,500	£8,632
Upper Profits Limit (UPL)	£50,000	£50,000
Below LPL	0%	0%
LPL to UPL	9%	9%
Above UPL	2%	2%

Class 1 NICs: Thresholds	Week	Month	Year
Lower earnings limit (LEL)	£120	£520	£6,240
Primary Threshold (PT)	£183	£792	£9,500
Secondary Threshold (ST)	£169	£732	£8,788
Upper Secondary Threshold (under 21) (UST) and Apprentice Upper Secondary Threshold (apprentice under 25) (AUST)	£962	£4,167	£50,000
Upper earnings limit (UEL)	£962	£4,167	£50,000

Class 1 NICs: rates for employee (primary) contributions

NICs category letter	Earnings at or above LEL up to and including PT	Earnings above PT up to and including UEL	Balance of earnings above UEL
A	0%	12%	2%
B	0%	5.85%	2%
C	NIL	NIL	NIL
H (Apprentice under 25)	0%	12%	2%
J	0%	2%	2%
M (under 21)	0%	12%	2%
Z (under 21 – deferment)	0%	2%	2%

Class 1 NICs: rates for employer (secondary) contributions

NICs deductions should not be made on earnings below the Lower Earnings Limit (LEL).

NICs category letter	Earnings at or above LEL up to and including ST	Earnings above ST up to and including UEL / UST / AUST	Balance of earnings above UEL / UST / AUST
A	0%	13.8%	13.8%
B	0%	13.8%	13.8%
C	0%	13.8%	13.8%
H  (under 25	0%	0%	13.8%
J	0%	13.8%	13.8%
M (under 21)	0%	0%	13.8%
Z  (under 21 deferment)	0%	0%	13.8%

Working Tax Credit – £ per year (unless stated)	2020 / 2021	2019 / 2020
Basic element	£1,995	£1,960
Couple and lone parent element	£2,045	£2,010
30 hour element	£825	£810
Disabled worker element	£3,220	£3,165
Severe disability element	£1,390	£1,365

Childcare element of the Working Tax Credit – £ per year (unless stated)	2020 / 2021	2019 / 2020
Maximum eligible cost for one child	£175/week	£175/week
Maximum eligible cost for two or more children	£300/week	£300/week
Percentage of eligible costs covered	70%	70%

Child Tax Credit – £ per year (unless stated)	2020 / 2021	2019 / 2020
Child Tax Credit Family element	£545	£545
Child element	£2,830	£2,780
Disabled child element	£3,415	£3,355
Severely disabled child element	£4,800	£4,715

Child Benefit – £ per week	2020 / 2021	2019 / 2020
Eldest/Only Child	£21.05	£20.70
Other Children	£13.95	£13.70

Guardian Allowance – £ per week	2020 / 2021	2019 / 2020
Guardian’s Allowance	£17.90	£17.60

Income thresholds and withdrawal rates – £ per year (unless stated)	2020 / 2021	2019 / 2020
First income threshold	£6,530	£6,420
First withdrawal rate (per cent)	41%	41%
First threshold for those entitled to Child Tax Credit only	£16,385	£16,105
Income disregard	£2,500	£2,500
Income Fall Disregard	£2,500	£2,500

Type of payment or recovery	Figures to use 2020/2021
Statutory Maternity Pay (SMP) – weekly rate for first six weeks	90% of the employee’s average weekly earnings
Statutory Maternity Pay (SMP) – weekly rate for remaining weeks	£151.20 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory Paternity Pay (SPP) – weekly rate	£151.20 or 90% of the employee’s average weekly earnings, whichever is lowe
Statutory Adoption Pay (SAP) – for first 6 weeks	90% of employee’s average weekly earnings
Statutory Adoption Pay (SAP) – weekly rate for remaining weeks	£151.20 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory shared parental pay (ShPP)	£151.20 or 90% of the employee’s average weekly earnings, whichever is lower
Statutory Parental Bereavement Pay (SPBP) – weekly rate (applies from 6 April 2020)	£151.20 or 90% of the employee’s average weekly earnings, whichever is lower
SMP/SPP/ShPP/SAP – proportion of your payments you can recover from HMRC	92% if your total Class 1 NICs (both employee and employer contributions) are above £45,000 for the previous tax year. 103% if your total Class 1 National Insurance for the previous tax year is £45,000 or lower

Statutory Sick Pay

The same weekly Statutory Sick Pay rate applies to all employees. However, the amount you must actually pay an employee for each day they’re off work due to illness (the daily rate) depends on the number of ‘qualifying days’ they work each week.

SSP 2020/2021	Rate of payment or recovery (rounded in brackets)
Standard weekly rate	£95.85 (N/A)
Daily rate – employees with 1 qualifying day in the week	£95.85 (£95.85)
Daily rate – employees with 2 qualifying days in the week	£47.93 (£47.9250)
Daily rate – employees with 3 qualifying days in the week	£31.95 (£31.95)
Daily rate – employees with 4 qualifying days in the week	£23.97 (£23.9625)
Daily rate – employees with 5 qualifying days in the week	£19.17 (£19.17)
Daily rate – employees with 6 qualifying days in the week	£15.98 (£15.9750)
Daily rate – employees with 7 qualifying days in the week	£13.70 (£13.6928)

Chargeable on employees earning £8,500 or over (including benefits), and directors.

Car Benefits

The taxable benefit is calculated as a percentage of the list price of the car, on the day before it was first registered, plus certain accessories. This percentage depends upon the rate at which the car emits carbon dioxide (CO2), and the fuel type.

For low emission hybrid cars (below 50gm of CO2 per kilometre), the rate depends on the electric range. 2020/21 rates range from 0% (for an electric range over 130 miles) to 12% (range below 30 miles).

For 2020/21, the rates range from 0% (for cars with zero emissions) up to 37%, with more polluting diesel cars paying an extra 2%. The rates for different emissions depend on whether the car was registered before or after 6 April 2020.

Cars first registered before 6 April 2020

CO2 (g/km)	Electric Range (Miles)	Appropriate %
0	N/A	0%
1-50	>130	2%
1-50	70-129	5%
1.50	40-69	8%
1-50	30-39	12%
1-50	<30	14%
51-54		15%
55-59		16%
60-64		17%
65-69		18%
70-74		19%
75-79		20%
80-84		21%
85-89		22%
90-94		23%
95-99		24%

CO2 (g/km)	Electric Range (miles)	Appropriate %
100-104		25%
105-109		26%
110-114		27%
115-119		28%
120-124		29%
125-129		30%
130-134		31%
135-139		32%
140-144		33%
145-149		34%
150-154		35%
155-159		36%
160+		37%

Cars first registered on or after 6 April 2020

CO2 (g/km)	Electric Range (Miles)	Appropriate %
0	N/A	0%
1-50	>130	0%
1-50	70-129	3%
1.50	40-69	6%
1-50	30-39	10%
1-50	<30	12%
51-54		13%
55-59		14%
60-64		15%
65-69		16%
70-74		17%
75-79		18%
80-84		19%
85-89		20%
90-94		21%
95-99		22%

CO2 (g/km)	Electric Range (miles)	Appropriate %
100-104		23%
105-109		24%
110-114		25%
115-119		26%
120-124		27%
125-129		28%
130-134		29%
135-139		30%
140-144		31%
145-149		32%
150-154		33%
155-159		34%
160-164		35%
165-169		36%
170+		37%

Diesel

For all cars, drivers must add 4% to their appropriate percentage if the car is propelled solely by diesel (up to a maximum of 37%). Cars that meet the Real Driving Emissions Step 2 (RDE2) standard are exempt from the diesel supplement.

Finding your CO2

To find out how much CO2 your company car emits, you may wish to do one of the following: check the cars V5 Registration Document; contact your Dealer; vist the Vehicle Certification Agency Website;.

To access the HMRC Car & Fuel Benefits Calculator, please click here.

Company cars: advisory fuel rates

These rates apply to all journeys on or after 1 March 2020 until further notice, allowing them to reflect fuel prices more quickly. For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either. Petrol hybrid cars are treated as petrol cars for this purpose. If the employee pays for the full cost of all fuel for private journeys (usually including home to work) there will be no car fuel benefit. In all other cases the full tax charge will be due. The Car fuel benefit charge multiplier for 2020/2021 is £24,500.

Engine size	Petrol	Diesel	LPG
1400cc or smaller	12p	N/A	8p
1401cc to 2000cc	14p	N/A	10p
Bigger than 2000cc	20p	N/A	14p
Less than 1600cc	N/A	9p	N/A
1601cc – 2000cc	N/A	11p	N/A
Bigger than 2000cc	N/A	13p	N/A

Advisory electricity rate for fully electric cars

Amount per mile – 4 pence. Electricity is not a fuel for car fuel benefit purposes.

Company vans

The taxable benefit for the unrestricted use of company vans is £3,490 (with no reduction for older vans) plus a further £666 of taxable benefit if fuel is provided by the employer for private travel.

Van and fuel charge	Van	Fuel	Total
Tax (20% taxpayer)	£698	£133.20	£831.20
Tax (40% taxpayer)	£1,396	£266.40	£1,662.40
Tax (45% taxpayer)	£1,570.50	£299.70	£1,870.20
Employer’s class 1A NICs	£481.62	£91.91	£573.53

Fuel Benefit and Van Benefit charge

Income Tax Allowances	2020 / 2021	2019 / 2020
Car fuel benefit charge multiplier	£24,500	£24,100
Van fuel benefit charge	£666	£655
Van benefit charge	£3,490	£3,430

Employee vehicles: mileage payments for business travel

Type of vehicle	Rate per business mile 2020-21
Car	For tax purposes: 45p for the first 10,000 business miles in a tax year, then 25p for each subsequent mile. For NICs purposes:45p for all business miles
Motorcycle	24p for both tax and NICs purposes and for all business miles
Cycle	20p for both tax and NICs purposes and for all business miles

Passenger payments: Cars and Vans

5p per passenger per business mile for carrying fellow employees in a car or van on journeys which are also work journeys for them. Only payments specifically for carrying passengers count and there is no relief if you receive less, or nothing at all.

VED bands and rates for cars first registered on or after 1 April  2018.

Budget 2018 announced that new diesel vehicles registered after 1 April 2018 that do not meet the real driving emission step 2 (RDE2) standard will be charged a supplement on their First Year Rate to the effect of moving up by one VED band.

CO2 emissions (g/km)	Standard Rate	First Year Rate
0	£0	£0
1-50	£150	£10
51-75	£150	£25
76-90	£150	£110
91-100	£150	£135
101-110	£150	£155
111-130	£150	£175
131-150	£150	£215
151-170	£150	£540
171-190	£150	£870
191-225	£150	£1,305
226-255	£150	£1,850
Over 255	£150	£2,175

VED bands and rates for cars registered on or after March 2001.

VED Band	CO2 emissions (g/km)	Tax Year 2020 to 2021	Tax Year 2019 to 2020
A	Up to 100	£0	£0
B	101-110	£20	£20
C	111-120	£30	£30
D	121-130	£130	£125
E	131-140	£150	£145
F	141-150	£165	£160
G	151-165	£205	£200
H	166-175	£240	£235
I	176-185	£265	£260
J	186-200	£305	£300
K	201-225	£330	£325
L	226-255	£565	£555
M	Over 255	£580	£570

2020/2021 Road Tax for cars & vans registered before 1 March 2001

Engine Size	2020 / 2021	2019 / 2020
1549cc and below	£165	£160
Above 1549cc	£270	£265

2020/2021 Road Tax for vans registered after 1 March 2001

Vehicle registration date	2020 / 2021	2019 / 2020
Early Euro 4 and Euro 5 compliant vans	£140	£140
All other vans	£265	£260

The Basic State Pension applies if you are;

• a man born before 6 April 1951
• a woman born before 6 April 1953

The basic State Pension is a regular payment from the government that you can get if you reached State Pension age before 6 April 2016. To get it, you must have paid or been credited with National Insurance contributions. The most you can currently get is £134.25 per week. The basic State Pension increases every year by whichever is the highest of the following:

• earnings – the average percentage growth in wages (in Great Britain)
• prices – the percentage growth in prices in the UK as measured by the Consumer Prices Index (CPI)
  2.5%

Basic state pension	2020 / 2021	2019 / 2020
Single person per year	£6,981	£6, 718.40
Spouse/civil partner addition per year	£4,183.40	£4,027.40
Married couple/civil partnership total per year	£11,167	£10,745.80
Maximum age for tax relief	74	74
Minimum age for taking benefits	55	55
Lifetime allowance charge – lump sum paid	55%	55%
Lifetime allowance charge – monies retained	25%	25%
On cumulative benefits exceeding	£1,073,100	£1,055,000
Annual allowance	£40,000	£40,000
Maximum tax-free lump sum	25%	25%
Money Purchase Annual Allowance	£4,000	£4,000
Tapered Annual Allowance (applies when an individual has ‘adjusted income’ over this amount provided the ‘threshold income’ test is met)	£240,000	£150,000

New State Pension

You’ll be able to claim the new State Pension if you’re:

• a man born on or after 6 April 1951
• a woman born on or after 6 April 1953

If you reached State Pension age before 6 April 2016, you’ll get the State Pension under the old rules instead. The earliest you can get the new State Pension is when you reach State Pension age. The most you can currently get is £175.20 per week.

Your National Insurance record

You’ll usually need at least 10 qualifying years on your National Insurance record to get any State Pension. They don’t have to be 10 qualifying years in a row.

This means for 10 years at least one or more of the following applied to you:

• you were working and paid National Insurance contributions
• you were getting National Insurance credits for example if you were unemployed, ill or a parent or carer
• you were paying voluntary National Insurance contributions

If you’ve lived or worked abroad you might still be able to get some new State Pension.

You might also qualify if you’ve paid married women’s or widow’s reduced rate contributions.

Working after State Pension age

You don’t have to stop working when you reach State Pension age but you’ll no longer have to pay National Insurance. You can also request flexible working arrangements.

Tax Free Savings Accounts

	Tax year 2020 to 2021	Tax year 2019 to 2020
Individual Savings Account (ISA) subscription limit	£20,000, of which £4,000 can be saved into a Lifetime ISA	£20,000, of which £4,000 can be saved into a Lifetime ISA
Junior ISA subscription limit	£9,000	£4,368
Child Trust Fund (CTF) subscription limit	£9,000	£4,368

Group	2020 / 2021	2019 / 2020
Main rates for individuals	10% / 20%	10% / 20%
Rates for individuals (for gains on residential property not eligible for Private Residence Relief, and carried interest)	18 % / 28%	18 % / 28%
Main rate for trustees and personal representatives	20%	20%
Rate for trustees and personal representatives (for gains on residential property not eligible for Private Residence Relief)	28%	28%
Rate for personal representatives for gains on carried interest	28%	28%
Annual exempt amount (AEA) for individuals and personal representatives	£12,300	£12,000
AEA for most trustees	£6,150	£6,000
Rate on gains subject to entrepreneurs’ relief	10%	10%
Rate on gains subject to investors’ relief	10%	10%
Business Asset Disposal Relief (previously known as Entrepreneurs’ relief): lifetime limit on gains for entrepreneurs	£1,000,000	£10,000,000
Investors’ relief: separate lifetime limit on gains for external investors	£10,000,000	£10,000,000

Level of profits	From 01/04/18	From 01/04/19	From 01/04/20
Main rate	19%	19%	19%

Corporation Tax Allowances & Reliefs

	Financial Year 2019 to 2020	Financial Year 2020 to 2021	Financial Year 2021 to 2022
Plant and machinery: main rate expenditure	18%	18%	18%
Plant and machinery: special rate expenditure	6%	6%	6%
Structures and Buildings Allowances(SBA)	2%	3%1	3%
Annual investment allowance (AIA)	£1,000,000	£1m / £200,0002	£200,000
First year allowances (e.g. for certain energy-saving/water efficient products)	100%	N/A3	N/A
R&D tax credits SME scheme	230%	230%	230%
R&D SME payable credit	14.5%	14.5%	14.5%
R&D Expenditure Credit	12%	13%	13%
Patent Box	10%	10%	10%
Film tax relief	25%	25%	25%
High-end TV tax relief	25%	25%	25%
Videogames tax relief	25%	25%	25%
Open ended investment companies and authorised unit trusts	20%	20%	20%

1. Structures and Building Allowance will be increased from 2% to 3% from April 2020.
2. An Annual Investment Allowance of £1m will apply to investments made from 1 January 2019 until 31 December 2020. The AIA for investments before and after those dates will be £200,000.
3. From 1 April 2020 for incorporated businesses and from 6 April 2020 for unincorporated businesses, environmental enhanced capital allowances will be abolished

Vat Rates	April 2020/2021	April 2019/2020
Standard Rate	20%	20%
Vat Fraction	1/6	1/6
Reduced Rate	5%	5%

Taxable Turnover Limits	Amounts
Registration – last 12 months or next 30 days over	£85,000 from 1 April 2020
Deregistration – next 12 months under	£83,000 from 1 April 2020
Cash accounting scheme – up to	£1,350,000
Optional flat rate scheme – up to	£150,000
Annual accounting scheme – up to	£1,350,000

From 6 April 2020, everyone has an additional xx£150,000 tax-free allowance to use against the value of their home.

Detail	2020/2021	2019/2020
Standard threshold	£325,000	£325,000
Residence nil rate band limit	£175,000	£150,000
Rate of tax on balance:
Chargeable lifetime transfers	20%	20%
Transfers on, or within 7 years of, death	40%	40%
Reduced Rate	36%	36%

All lifetime transfers not covered by exemptions and made within seven years of death will be added back into the estate for the purpose of calculating the tax payable. Tax attributable to such transfers is then reduced:

Years before death	0 – 3	3 – 4	4 – 5	5 – 6	6 – 7
Tax paid	40%	32%	24%	16%	8%

Main Reliefs

Business Property	%
Business or interest therein	100%
Qualifying shareholdings in unquoted* companies	100%
Shares controlling more than 50% of the voting rights in a listed company | Land, buildings or machinery owned by the deceased and used in a business they were a partner in or controlled | Land, buildings or machinery used in the business and held in a trust that it has the right to benefit from	50%
Agricultural property	50% or 100%

* Unquoted companies include those listed on AIM

Main Exemptions

• Most transfers between spouses and civil partners.
• The first £3,000 of lifetime transfers in any tax year plus any unused balance from previous year.
• Gifts of up to but not exceeding £250 p.a. to any number of persons.
• Gifts in consideration of marriage or civil partnership of: up to £5,000 by a parent, up to £2,500 by a grandparent, or up to £1,000 by any other person.
• Gifts made out of income that form part of normal expenditure and do not reduce the standard of living.
• Gifts to charities, whether made during lifetime or on death.
• From April 2012, a reduced rate of IHT of 36% will be introduced where 10 per cent of more of the net estate is left to charity.

Stamp Duty Land Tax – Residential Property

Property Value	Rate (on portion of value above threshold)	Rate (on portion of value above threshold) on or after 1 April 2016 if purchase is of an additional residential property
0 to £125,000	0%	3%
£125,000 to £250,000	2%	5%
£250,000 to £925,000	5%	8%
£925,000 to £1.5 million	10%	13%
£1.5 million +	12%	15%

Stamp Duty Land Tax – Non-residential Property

Property Value	Rate on or after 17 March 2016 (on portion of value above threshold)
0 to £150,000	0%
£150,000 to £250,000	2%
£250,000 +	5%
Net Present value (NPV) of the Lease	Rate on or after 17 March 2016 (on portion of value above threshold)
0 to £150,000	0%
£150,000 to £5 million	1%
£5 million +	2%

Stamp Duty Land Tax – rates for first-time buyers purchasing properties worth £500,000 or less

Property Value	Rate (on portion of value above threshold) on or after 22 November 2017 if purchase qualifies for first-time buyer relief
0 to £300,000	0%
£300,000 to £500,000	5%
£500,000 +	Standard rates above apply

Annual tax on Enveloped Dwellings

Property Value	Charge for tax year 2020 to 2021	Charge for tax year 2019 to 2020
More than £500,000 but not more than £1 million	£3,700	£3,650
More than £1 million but not more than £2 million	£7,500	£7,400
More than £2 million but not more than £5 million	£25,200	£24,800
More than £5 million but not more than £10 million	£58,850	£57,900
More than £10 million but not more than £20 million	£118,050	£116,100
More than £20 million+	£236,250	£232,350

Tax Calendar check if items still valid – dates already changedy

April 2020
5	Last day of 2019/20 tax year. Deadline for 2019/20 ISAs. Last day to make disposals using the 2019/20 CGT exemption.
14	Due date for income tax for the CT61 period to 31 March 2020.
19/22	Quarter 4 2019/20 PAYE remittance due.
20	Interest will begin to accrue on unpaid PAYE/NI for 2019/20.
30	Normal annual adjustment for VAT partial exemption calculations (monthly returns).
May 2020
1	Start of daily penalties for 2019 online Tax Return not yet filed. Additional penalties may apply for further delay.
3	Quarterly submission date of P46 (Car) for quarter to 5 April.
31	Last day to issue 2019/20 P60s to employees.
June 2020
30	End of CT61 quarterly period.
July 2020
6	Deadline for submission of Form 42 (transactions in shares and securities). File P11Ds, P11D(b)s and P9Ds. Issue copies of P11Ds to employees.
14	Due date for income tax for the CT61 period to 30 June 2020.
19/20	Quarter 1 2020/21 PAYE remittance due. Final date for payment of 2019/20 Class 1A NICs.
31	Second self assessment payment on account for 2019/20.
August 2020
2	Quarterly submission date of P46 (Car) for quarter to 5 July.
September 2020
30	End of CT61 quarterly period. Last day for UK businesses to reclaim  EC VAT chargeable in 2017.
October 2020
1	Due date for payment of Corporation Tax for period ended 31 December 2019.
5	Individuals/trustees must notify HMRC of new sources of income/chargeability in 2019/20 if a Tax Return has not been received.
14	Due date for income tax for the CT61 quarter to 30 September 2020.
19/22	Quarter 2 2020/21 PAYE remittance due.
31	Last day to file 2020 paper Tax Return.
November 2020
1	£100 penalty if 2020 paper Tax Return not yet filed. Additional penalties may apply for further delay.
2	Quarterly submission date of P46 (Car) for quarter to 5 October.
December 2020
30	Last day for online submission of 2020 Tax Return for HMRC to collect tax through clients’ PAYE code.
31	Last day for non-EC traders to reclaim recoverable UK VAT suffered in the year to 30 June 2020. . End of CT61 quarterly period. Filing date for Corporation Tax Return Form CT600 for period ended 31 December 2019.
January 2021
1	Due date for payment of Corporation Tax for period ended 31 March 2020.
14	Due date for income tax for the CT61 quarter to 31 December 2020.
18/22	Quarter 3 2020/21 PAYE remittance due.
31	Capital gains tax payment for 2019/20. Balancing payment – 2019/20 income tax/Class 4 NICs. Last day to file the 2020 Tax Return online.
February 2021
1	£100 penalty if 2020 Tax Return not yet filed. Additional penalties may apply for further delay. Interest starts to accrue on 2019/20 tax not yet paid.
2	Quarterly submission date of P46 (Car) for quarter to 5 January.
March 2021
2	Last day to pay any balance of 2019/20 tax and Class 4 NICs to avoid an automatic 5% surcharge.
31	End of Corporation Tax financial year. End of CT61 quarterly period. Filing date for Corporation Tax Return Form CT600 for period ended 31 March 2020.