The personal allowance will be increased to £11000 and the basic rate limit will be increased to £32000 for 2016-17.
From 2016-17,there will be one income tax personal allowance regardless of an individual’s date of birth.
The personal allowance will be increased to £11000 and the basic rate limit will be increased to £32000 for 2016-17. From 2016-17,there will be one income tax personal allowance regardless of an individual’s date of birth.
On 8 July 2015 the government announced a number of reforms to the taxation of foreign domiciled persons (‘non-doms’). These changes will affect non-doms (ie those not domiciled in the UK under general law) who are resident in the UK for lengthy periods. In addition, changes will also be made to the qualifying rules governing […]
Up to 890,000 people who filed late tax returns have been given an amnesty over the £100 fine for missing the deadline. The tax officers are no longer checking why someone was unable to submit their self-assessment forms on time, as long they provide a „reasonable“ excuse. People who filed late would still face interest […]