Government abandons plan to scrap 45p top rate of income tax
Posted on Thursday, November 17th, 2022
The government has abandoned its plan to abolish the 45% top rate of income tax due to the negative reaction it has received. Chancellor Kwasi Kwarteng first announced the policy in the Mini Budget on 23 September. He... Read Full Article...
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Changes to income tax for 2019/20
Posted on Thursday, April 4th, 2019
The new tax year brings changes to income tax bands and allowances. The personal allowance is £11,850 for 2018/19 and increases to £12,500 for 2019/20. There is a reduction in the personal allowance for those with ‘adjusted... Read Full Article...