Personal Income Tax
|Personal allowance increases to £12,500 for the 2019/2020 tax year.|
|Higher rate threshold increases to £37,500 from April 2019.|
Today’s Budget saw no significant changes to any of the Income Tax rates and rules in place, but the Chancellor brought forward the Government’s target of a £50,000 higher rate personal Income Tax threshold to 2019.
If you have any Income Tax queries, please contact one of our Tax Specialists on 01228 711888.