tax free allowance Archives | Taxfile

Tax-Free Personal Allowance Thresholds & Tax Bands (2022/23 to 2016/17)

Mark — Sat, 28 May 2022 09:56:55 +0000

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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Small Trader? Make the Most of These 2 Allowances!

Mark — Fri, 09 Oct 2020 09:15:51 +0000

Small traders with very modest incomes are currently eligible for a couple of very useful allowances. Both of these could save them money — and some paperwork ...

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Highlights from the Chancellor’s Budget, 18 March 2015

Mark — Thu, 19 Mar 2015 15:51:20 +0000

Along with some encouraging news about the UK economy, some interesting new measures were announced in the Chancellor’s Budget yesterday and below we highlight those which we feel will directly impact the majority of UK taxpayers: As widely forecast, the tax-free allowance will increase. The amount people can earn before paying tax will rise to […]

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