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Maria Hunter

Income Tax 2020-21

Personal Allowances (Excluding Scottish tax payers) Everyone is allowed to receive £12,500 of their income without paying tax. The personal allowance is reduced to zero for any person earning over £100,000 P/A, this applies at any age (this is reduced by £1 for every £2 over £100,000). Marriage allowance: A £1,250 transferable allowance is available to married …

Income Tax 2020-21 Read More »

Taxation 2017-2018

Technical material for your study purposes. Taxation 2017/18  Personal Allowances Everyone is allowed to have £11,500 of their income without paying tax. The personal allowance is reduced to zero for any person earning over £100,000 P/A, this applies at any age (this is reduced by £1 for every £2 over £100,000). Marriage allowance: £1,150 transferable …

Taxation 2017-2018 Read More »

Taxation 2016/17

Taxation 2016/17 Personal Allowances Everyone is allowed to have £11,000 of their income without paying tax. The personal allowance is reduced to zero for any person earning over £100,000 per year, this applies at any age (this is reduced by £1 for every £2 over £100,000). Marriage allowance: £1,100 transferable allowance is available to married …

Taxation 2016/17 Read More »

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