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Personal Allowance, Income Tax rates, bands and thresholds.

• Current rates and allowances

  How much Income Tax you pay in each tax year depends on: how much of your…

• Previous tax years

  The standard Personal Allowance from 6 April 2024 to 5 April 2025 was…

Claim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first-year allowances.

• Overview

  Capital allowances are a type of tax relief for businesses. They let you…

• What you can claim on

  You can claim capital allowances on items that you keep to use in your…

• Annual investment allowance

  You can deduct the full value of an item that qualifies for annual…

• 100% first-year allowances

  If you buy an asset that qualifies for 100% first-year allowances you can…

• The super-deduction and 50% special rate first-year allowance

  Only companies can claim the super-deduction and 50% special rate…

• Full expensing and 50% first-year allowance

  Only companies can claim full expensing and the 50% first-year allowance.…

• Business cars

  You can claim capital allowances on cars you buy and use in your business.…

• How to claim

  Claim capital allowances on your: Self Assessment tax return if you’re a…

How to work out your writing down allowances. Work out main rate pools, special rate pools, single asset pools, small pools allowance, long life assets, short life assets

• When to use writing down allowances

  ‘Writing down allowances’ are one type of capital allowance. They let you…

• Rates and pools

  To claim writing down allowances, group items into pools depending on…

• Work out what you can claim

  What you can claim under writing down allowances depends on what ‘pool’…

If you’re a company, find out if you can claim full expensing or the 50% first year allowance on plant or machinery costs.

• Updated: 20 March 2024

Marriage Allowance allows you to transfer some of your Personal Allowance to your husband, wife or civil partner: what you get and how to apply for free.

If your business provides a tool allowance to employees - what you must report to HMRC

If your pension savings are more than your annual allowance, carry forward unused annual allowances from previous years.

• Updated: 6 April 2023

This series brings together all documents relating to Changes to allowances

• Updated: 19 January 2011

Find out what certain terms mean that are connected to employee travel.

• Updated: 16 May 2025

Attendance Allowance helps with extra costs if you're State Pension age and disabled: rates, eligibility, claim form AA1, claiming due to a terminal illness.