AAT Comment: The new tax year and the bookkeeper
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in Bookkeeping
Those who deal with payroll will need to prepare for the various changes in this new tax year.
Tax allowances
The main allowances are increasing. The Personal Allowance increases to £11,850; the Married Couple’s Allowance (MCA) for those born before 6 April 1935 increases to £8,695 with the income limit for the MCA at £28,900, and the Marriage Allowance (Transferable Tax Allowance) will be £1,190.Full article.
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