Will you have a Happy New Tax Year?
We are now in the 2016/17 tax year and hence new tax rates and rules have come into force. From 6 April 2016 our individual personal allowance (amount each person can earn tax free) has increased to £11,000. However, the additional personal allowance that was previously available to people born before 6 April 1938 has now ceased and £11,000 is the personal allowance for everybody, regardless of age. Read more →