Personal allowance going up...
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  1. #1
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    Default Personal allowance going up...

    ...to £11k as of April 16th...

  2. #2
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    Quote Originally Posted by mumofone View Post
    ...to £11k as of April 16th...
    April 6th, 2016 that should say!!

  3. #3
    Simona Guest

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    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/upload...rate_limit.pdf

  4. #4
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    Quote Originally Posted by Simona View Post
    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/upload...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

  5. #5
    Simona Guest

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    Quote Originally Posted by mumofone View Post
    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

  6. #6
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    Quote Originally Posted by Simona View Post
    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
    its been superseded....

    https://www.gov.uk/government/public...ds-for-2016-17

  7. #7
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    Thanks mumofone , Id missed the changes. Not a huge difference but all good!!

  8. #8
    Simona Guest

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    How very curious
    ...better check those 2 publications...accountants will surely know what applies on 6 April 2016...off to check with mine!

  9. #9
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    Quote Originally Posted by Simona View Post
    How very curious ...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? :-)

 

 

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