For those born after 5 April 1938 the personal allowance will be increased to £10,600. For those born before 6 April 1938 the personal allowance remains at £10,660.
The reduction in the personal allowance for those with ‘adjusted net income’ over £100,000 will continue. The reduction is £1 for every £2 of income above £100,000. So for 2015/16 there is no personal allowance where adjusted net income exceeds £121,200.
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
Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.
Keep up to date with all the news, events and videos from IN Accountancy
6 Station View,
Rhino Court,
Bramhall Moor Lane,
Hazel Grove,
Stockport,
SK7 5ER
IN-ACCOUNTANCY
