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UK Tax Allowances News

What is the Personal Allowance for 2024/25?

The Chancellor of the Exchequer, Jeremy Hunt, has just announced the details of the autumn statement for 2023 and among…

Has Child Benefit Increased?

A lot of benefits were increased in April 2023 in line with the 10.1% inflation rate. Child benefit is one…

Personal Allowance 2023/24

The personal allowance is the amount that you can earn either through working or via a pension payment before you…

Capital Gains Tax Changes from 2023

In the Autumn Statement from the Chancellor of the Exchequer, Jeremy Hunt, today (17th November 2022), it was announced that…

Higher Rate Tax Bracket Changed

The Chancellor of the Exchequer, Jeremy Hunt, has announced in his Autumn Statement today, 17th November 2022 (otherwise known as…

Jeremy Hunt Reverses Tax Changes

In the current political turmoil there were always going to be more changes coming after the mini budget and the…

U-Turn on 45p Tax Rate Cut

It is being reported today that the 45p tax rate cut that was announced in the mini-budget 10 days ago…

Is the Personal Allowance Increasing in 2023?

The personal allowance is the amount that you can earn each year before you are subject to tax. It has…

Tax Changes September 2022

The Chancellor of the Exchequer, Kwasi Kwarteng, announced today (23rd September 2022) that there would be changes to tax rates…

Tax Rates for 2022/23

As we start a new tax year in 2022/23 we are often faced with new tax and personal allowance rates…