Live Updates
MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
MTD for ITSA: Mandation for income over £30,000 begins April 2027.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.
Non-Dom Reform: The remittance basis is replaced by a new 4-year foreign income and gains (FIG) regime.
Basis Period Reform: Full transition to the "tax year basis" for all unincorporated businesses is now in effect.
SDLT: Temporary Stamp Duty thresholds are set to revert to previous levels from April 2025.
Dividend Allowance: The tax-free dividend allowance remains at £500 for the current year.
Capital Gains: The Annual Exempt Amount is fixed at £3,000 for individuals and personal representatives.
MTD for ITSA: Mandation for businesses and landlords with income over £50,000 begins April 2026.
FHL Abolition: The Furnished Holiday Lettings tax regime is officially abolished as of April 2025.

2026/27 TAX YEAR IS HERE MTD FOR INCOME TAX NOW MANDATORY FOR LANDLORDS & SELF-EMPLOYED OVER £50K DIVIDEND TAX RATES INCREASED TO 10.75% & 35.75% — OPTIMISE YOUR PAYOUTS ADVANCED CALCULATORS FOR PROPERTY, CRYPTO, AND INHERITANCE TAX HERE

Estimated calculation • • uktaxhero.com
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Important: Illustrative estimates based on HMRC published rates. Actual liabilities vary. Find a Tax Expert →
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📅 Tax Year

📋 NI Details

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How This Calculator Works

📋 Employee & Self-Employed

Calculates Class 1 (employee), Class 2 and 4 (self-employed) and employer NIC for any income level.

📈 Employment Allowance

Applies Employment Allowance (£10,500 for 2025/26+) to reduce employer NIC liability.

📅 All Rate Changes

NIC rates changed significantly in recent years (from 12% to 10% to 8%). All years calculated correctly.

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Frequently Asked Questions

What changed with NIC in 2024 and 2025?

The main employee NIC rate dropped from 12% (2023/24) to 10% (2024/25 Jan–4 cut) to 8% (2024/25 April cut). Employer rates increased from 13.8% to 15% in 2025/26 with the threshold dropping to £5,000.

What is the Employment Allowance?

The Employment Allowance allows eligible employers to reduce their employer NIC bill by up to £10,500 (2025/26+) per year. Most limited companies and partnerships are eligible.