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income tax rates
Tax Rates and Bands 2013/14
As we reported last week after the Budget, it was little surprise that an announcement was made about the ‘temporary’ Additional rate. From April 2013, The Additional rate will reduce from 50p in the pound to 45p. Mr Osborne claimed that ‘no chancellor can justify a tax rate that damages our economy and raises next [...]
Employer Bulletin No 40
HMRC’s February 2012 Issue 40 is an excellent and comprehensive compilation of facts and information that we need to be aware of on a day-to-day basis. This issue covers articles and tables on: Income tax rates and bands for 2012/13 NICs rates and bands for 2012/13 Student Loan amended threshold for 2012/13 Statutory rates for [...]
Income Tax Rates, Rate Limits and Personal Allowances for 2012/13
The Income Tax Act 2007 is the primary piece of legislation which governs the tax that is paid under Pay As You Earn. The Act allows for the Basic Rate limit and personal allowances for people under 65 to increase by indexation each year (the Retail Price Index rate). As income tax is still a [...]
