UK Tax Allowances News

Rishi Sunak has just announced in his spring statement that there will be an increase to the National Insurance threshold…

Due to the current economic situation the planned changes to some allowances for 2021/22 have not happened or have been…

In the budget today (3rd March 2021) the Chancellor of the Exchequer, Rishi Sunak, confirmed the the personal allowance for…

The government has published the personal allowance for 2021/22 on its website and as such has confirmed that it will…

The personal allowance is the amount of money that you can earn in a tax year (in the UK) without…

During the covid-19 pandemic the government announced a number of schemes to help people financially who were suffering a loss…

In 2015 the Chancellor of the Exchequer, George Osborne, announced a major change in Inheritance tax which added on an…

Although not technically a tax allowance, we thought it was worth covering what the rate of National Insurance contributions are…

There are changes in the rules to rent-a-room relief coming on 6th April. There are some changes coming to the…

The Capital Gains Tax (CGT) annual exempt amount is the amount of gains that you are allowed to make before…