The Chancellor announced that the personal allowance will be increased to £10,800 in 2016/17 and to £11,000 in 2017/18. The Transferable Tax Allowance will also rise in line with the personal allowance, being 10% of the personal allowance for the year.
The higher rate threshold will rise in line with the personal allowance, taking it to £42,700 in 2016/17 and £43,300 in 2017/18 for those entitled to the full personal allowance.
Hands up if you have heard talk of Marriage Allowance? 🙋🏽♀️ Not exactly a reason to say ‘I do’ but definitely a little gem of
Which is the best legal entity for a brand-new freelancer business? It’s a question we are often asked, sole trader vs limited company, which is
💷 So, the FSB are in the process of lobbying HMRC to increase the VAT registration threshold to £100,000 It’s been at its current level
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