AAT Comment: The new tax year and the bookkeeper

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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.

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