A recent law passed by the coalition Government is all set to affect tax payers who are already bearing the brunt of a high tax rate.
This move has been taken to help lower class families. According to this new law passed by the coalition Government, the income tax threshold will be increased from £6,475 [...]
Tax Rebates & Refunds
Coalition government to increase tax rate
UK’s threshold for income tax rises by £1,000
Due to the latest tax scheme of increasing the personal allowance threshold more than 600,000 people in Northern Ireland in benefit. In this year’s budget, Chancellor George Osborne announced that the threshold will rise by £1,000.
According to the new budget, people who are earning less than £7,475 have to pay less tax from April [...]
BUDGET 2010 – What happened?
Chancellor Alistair Darling has just delivered his Budget and the key points for the man in the street are as follows:
Plans to give everyone in the UK a bank account – reaching 1m people who are currently not entitled
There will be a 1p increase in National Insurance contributions but “it will not affect those earning [...]
It’s Budget Day – what can we expect?
Chancellor Alistair Darling will today deliver what many believe to be his final Budget and he is under pressure to reduce the country’s deficit, cut public spending and raise more revenue.
Tax is, of course, the way to go about raising that revenue. And income tax is always key. So what can we expect?
IFAonline.co.uk expects there [...]
