thresholds Archives | Taxfile https://www.taxfile.co.uk/category/thresholds/ 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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]]> How the Chancellor’s 2014 Autumn Statement affects YOU! https://www.taxfile.co.uk/2014/12/how-chancellors-autumn-statement-affects-you/ Fri, 05 Dec 2014 14:18:22 +0000 http://www.taxfile.co.uk/blog/?p=946 George Osborne, the Chancellor of the Exchequer, announced his Autumn Statement on Wednesday (3 Dec 2014) in what could be seen as a mini budget. Here we focus on the key announcements, concentrating on those relating purely to taxation, as it is those which affect you, our customers, most directly. 1). First some good news: […]

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]]> Infographic: Stamp Duty Changes: Good News for Most! https://www.taxfile.co.uk/2014/12/infographic-stamp-duty-reforms/ Fri, 05 Dec 2014 08:15:15 +0000 http://www.taxfile.co.uk/blog/?p=922 In what, for most of us, is very welcome news, the Chancellor announced a significant tidy-up of Stamp Duty in his Autumn Statement yesterday. The changes will mean that 98% of those who pay Stamp Duty will save money — and potentially a significant amount. We believe that this is a fairer system, with the […]

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]]> (Time Sensitive): Tax Year End Changes for Pension Allowances https://www.taxfile.co.uk/2014/02/tax-year-end-pension-allowance-changes/ Wed, 19 Feb 2014 14:30:58 +0000 http://www.taxfile.co.uk/blog/?p=666 The start of the new Tax Year on 6 April 2014 – just 6½ weeks away at time of writing – will see two very important changes in relation to pensions allowances. The first change will affect the ‘Annual Allowance’ (or ‘AA’) which is the annual limit on pension savings attracting tax relief. This limit […]

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]]> ‘Employment Allowance’ to save businesses up to £2k in NIC https://www.taxfile.co.uk/2014/01/employment-allowance-to-save-nic-costs/ Mon, 27 Jan 2014 10:26:39 +0000 http://www.taxfile.co.uk/blog/?p=634 In April 2014 the new ‘Employment Allowance’ will be introduced. This will cut up to £2k off the National Insurance costs incurred by businesses and save employers nearly £5.5 billion across the UK as a whole by the end of the Parliament. This equates to £200 per UK employee. These savings will also be helped […]

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]]> What are the tax credits? https://www.taxfile.co.uk/2008/03/what-are-the-tax-credits/ Sun, 30 Mar 2008 14:20:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/03/what-are-the-tax-credits/ Tax credits are payments the Government makes to you if you live in the UK and are in a paid work, responsible for children or both. There are two types of tax credits: Working Tax Credit (WTC) and Child Tax Credits (CTC). The CTC has the following parts: • a family part • a baby […]

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