PDA

View Full Version : Personal allowance going up...



mumofone
15-01-2016, 07:26 PM
...to £11k as of April 16th...

mumofone
15-01-2016, 07:28 PM
...to £11k as of April 16th...

April 6th, 2016 that should say!!

Simona
15-01-2016, 08:43 PM
It may be advisable for you to check the HMRC website to look at the new tax codes and personal allowances....I am confused by your figures?

For April 2016/2017 the rate is £10,800...this is what we can earn tax free

From 2017-2018 it will be £11,000

Sorry but this is important for those cms who do their own Tax return

Check it here

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413970/TIIN_4168_income_tax_personal_allowances_and_basic _rate_limit.pdf

mumofone
15-01-2016, 09:14 PM
It may be advisable for you to check the HMRC website to look at the new tax codes and personal allowances....I am confused by your figures? For April 2016/2017 the rate is £10,800...this is what we can earn tax free From 2017-2018 it will be £11,000 Sorry but this is important for those cms who do their own Tax return Check it here https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/413970/TIIN_4168_income_tax_personal_allowances_and_basic _rate_limit.pdf

You better check on that Simona, it's been upped again since first being announced at the budget 2015....

Correct me if I'm wrong :-) x

Simona
15-01-2016, 09:22 PM
You better check on that Simona, it's been upped again since first being announced at the budget 2015....

Correct me if I'm wrong :-) x

Yes it will go up from April to £10800...then £11000 from the following year
The HMRC link gives the figures as per link below:thumbsup:

mumofone
15-01-2016, 09:49 PM
Yes it will go up from April to £10800...then £11000 from the following year
The HMRC link gives the figures as per link below:thumbsup:

its been superseded....

https://www.gov.uk/government/publications/tax-and-tax-credit-rates-and-thresholds-for-2016-17/tax-and-tax-credit-rates-and-thresholds-for-2016-17

mama2three
15-01-2016, 10:23 PM
Thanks mumofone , Id missed the changes. Not a huge difference but all good!!

Simona
16-01-2016, 09:21 AM
How very curious :huh:
...better check those 2 publications...accountants will surely know what applies on 6 April 2016...off to check with mine!

mumofone
20-01-2016, 11:34 AM
How very curious :huh: ...better check those 2 publications...accountants will surely know what applies on 6 April 2016...off to check with mine!

Did your accountant confirm the rise out of interest? :-)