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Tag Archives: Budget
It’s that time again when HMRC implements the changes introduced by the latest budget from the Chancellor of the Exchequer. The 2018/19 tax year is now well underway. Below is a summary of some of the changes to tax allowances from the 6th April 2018. Personal Allowance and Income Tax The amount you can earn […]
2016/17 2017/18 2018/19 £ £ £ Income tax rates – (non-dividend income) 0% – starting rate for savings only note 1 Up to 5,000 Up to 5,000 Up to £5,000 20% basic rate tax 11,001 – 43,000 11,501 – 45,000 11,851 – 46,350 40% higher rate tax 43,001 – […]