Personal tax rates for the 2019/20 tax year

Personal tax rates for the 2019/20 tax year

Personal Allowances – If you earn under £100,000, your personal tax free allowance is capped at £12,500.From earnings between £100,000 to £125,000 this figure decreases by £2 for every £1 above the threshold until it reaches zero. If you are married or in a...
It’s Tax Return time!

It’s Tax Return time!

When you’re self-employed, you’re responsible for paying tax and National Insurance on your income and filing your annual Self Assessment tax return – but it doesn’t have to be stressful. Before you get started, here are a few things you might need to know:...