Tax Changes - 22-12-2008• The £600 increase in the Income Tax personal allowance announced in May 2008 will become permanent with a further increase of £130. This means that basic rate taxpayers will pay £145 less tax a year in 2009-10 The personal tax allowance increases to £6,475, and the basic rate tax limit to £37,400 from April 2009. • Employee, employer and self-employed rates of National Insurance Contributions will increase by 0.5 per cent from April 2011 • The Income Tax personal allowance will be restricted to half its value for those with incomes over £100,000 from April 2010 • A new, higher rate of Income Tax of 45 per cent will be introduced for incomes above £150,000 • As from April 2010, those on incomes of between £100,000 and £140,000 will see their personal allowances reduced by half. For those earning more than £140,000, the allowance will be dropped. for more information with regards to the recent tax changes, and pre-budget reports, please click here | News: Government announces new measures to assist employers with apprenticeshipsGovernment announces new measures to assist employers with apprenticeships As part of the Government’s plan for growth, it has announced that it is... Email updatesEnter your email address for the latest information from dbparish. Login |
