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MikeBest Accountancy Ltd is authorised and regulated by the Association of Chartered Certified Accountants (ACCA).

MikeBest Accountancy Ltd, Registered Office MikeBest Accountantancy Ltd, Harrogate Business Centre, Hammerain House, Hookstone Avenue, Harrogate HG2 8ER. Registered in England Company reg No. 11264832

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Thursday, 01 November 2018 08:39

Personal Tax - keep more of what you make

One of the key "headline grabbers" in Monday's budget, which affects the majority of earners, employed, self employed, pensioners, those with rental income and dividends, was the increase in the personal allowance from £11,850 to £12,500 This was a "giveaway" in the sense that it amounted to an increase in the amount of tax free income. In addition, the start of the 40% tax bracket goes to £50,000 (from £46,350).

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