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 Accounting News & Insights

Latest Tax Club blog on Personal and Corporate Taxes Released

23rd December 2011

The rates of income tax applying for the year 2012/13 will be unchanged so that the basic rate of income tax is 20%, the higher rate is 40% and the additional rate is 50%.

From 6 April 2012 the Finance Bill includes:

  • An increase to the personal allowance by £630 to £8,105 for those under 65; and
  • A reduction to the basic rate limit by £630 to £34,370.

To read more visit http://wwtaxclub.blogspot.com/2011/12/update-on-what-we-already-know-personal.html


Accounting News & Insights

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Latest Tax Club blog on Personal and Corporate Taxes Released

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