Annual threshold Archives | Taxfile https://www.taxfile.co.uk/category/annual-threshold/ Tax advice & accounting services for South London businesses & SMEs Thu, 13 Mar 2025 13:04:35 +0000 en-GB hourly 1 Tax-Free Personal Allowance Thresholds & Tax Bands (2022/23 to 2016/17) https://www.taxfile.co.uk/2022/05/tax-free-personal-allowance-thresholds/ Sat, 28 May 2022 09:56:55 +0000 https://www.taxfile.co.uk/?p=6820 Tax-Free Personal Allowance Thresholds & Tax Bands (2022/23 back to 2016/17)

Today we look at the tax-free allowance thresholds for what's officially known as the tax-free Personal Allowance in the tax and accountancy world.

The Tax-Free Personal Allowance

This is the amount a UK individual can earn as income before they have to pay any Income Tax. In the current tax year ...

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]]> Darling’s Increase in Personal Allowance https://www.taxfile.co.uk/2008/05/darlings-increase-in-personal-allowance/ Sat, 17 May 2008 10:41:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/05/darlings-increase-in-personal-allowance/ The Chancellor Alistair Darling has announced an increase in the personal tax allowance of £600 and an adjustment to the higher rate threshold (the total of the personal allowance and basic rate limit). According to the tax office we do not need to make any adjustments to our tax code numbers at the moment.The emergency […]

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]]> Student Loan Deduction https://www.taxfile.co.uk/2008/04/student-loan-deduction/ Sun, 27 Apr 2008 17:16:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/04/student-loan-deduction/ Student Loans are considered to be a financial support package for students in higher education in the UK with the Government’s help. They are available to help students meet their expenses while they are studying. HM Revenue & Customs is responsible for collecting repayments of Student Loans in cases where the borrower is within the […]

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