Uk Tax Allowance 2024. Article | benefits hot topics. The tax rates and personal allowances for the 2024/25 tax year, which started on 6 april 2024.
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Annex A Provides Tables Of Tax Rates And Allowances For The Tax Year 2023 To 2024 And The Tax Year 2024 To 2025.
The personal allowance is set to remain the same as it was in the previous tax year.
By Dave Roberts And Kirsty Cotton | July 19, 2023.
It will set the personal allowance at £12,570, and the basic rate limit at £37,700 for tax years:
A Slew Of Tax And Allowance Changes Are Coming Into Force At The Beginning Of The New Tax Year On 6 April.
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Capital Gains Tax Allowance Has Shrunk (Again) The Cgt Allowance Was Cut From £12,300 To £6,000 For The 2023/24 Tax Year, And The Annual Exemption Halved.
This means that you won’t pay any income tax on the first £12,570 of your taxable income.
Fri 19 Apr 2024 02.00 Edt.
April 6 2024 marks the start of the new 2024/25 tax year, when various changes come into effect that could.
The Personal Allowance For The 2024 Tax Year Is £12,570.