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Finance Bill
Finance Act 2012
Thursday, July 19th, 2012Just for information, the Finance Bill passed from the House of Commons to the House of Lords last week and received Royal Assent on 17 July 2012. This is the Act that, amongst many other things, sets the rates of income tax, plus personal allowances and thresholds for the current tax year. Now the Bill [...]
Finance Bill 2012
Monday, April 2nd, 2012Last week, the Government published the Finance Bill 2012 which, when enacted, will give the legislative backing to announcements made in Budgets 2011 and 2012. It is expected that the Bill will receive Royal Assent towards the end of July, at which time we will know the final format of the legislation. This note is [...]
Personal Allowance 2013/14
Tuesday, March 27th, 2012The Income Tax (Indexation) Order 2011 in the Finance Bill 2012 already provides for the Personal Allowances to increase from the start of tax year 2012/13, at which point L suffix codes increase by 63 points and the Emergency tax code becomes 810L. This was confirmed in the Autumn Statement of 2011 and is not [...]
