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UK Tax Allowances News

Is There Still a 10% Tax Rate?

Although a 10% starting rate of personal income tax was introduced by Gordon Brown in 1999 as the lowest rate…

Personal Allowance in the Year of Death

Dealing with tax matters after the death of a relative can be tricky as well as upsetting. One thing you…

Are K2 Tax Schemes Legal?

There has been a lot of press lately about the K2 Tax Avoidance schemes that are used by some high…

Do Over 75s Get An Extra Tax Allowance?

There are a few categories of taxpayer that get extra allowances and currently over 65s and over 75s are two…

Tax Avoidance

Although the phrase itself implies avoiding paying tax, there is a big difference between tax avoidance and tax evasion. Tax…

60% Tax For Earnings Over £100k

It is very easy to analyse figures when there are different factors involved and to come up with an equivalent…

Income Tax Rates 2012

So with every new tax year comes changes in the UK personal income tax rates. Since the change in Government there have…

Last Chance For 2011/12 ISA

So there is only one day left for the 2011/12 tax year and this means that many people will be…

Age Related Personal Allowances to be Scrapped

The Chancellor of the Exchequer, George Osborne, announced in the budget today that the age related personal allowances will be…

2012 Budget Summary

UK Budget 2012 Today was the annual budget announcement by the Chancellor of the Exchequer, George Osborne. Many changes were…