Summer Budget 2015 – Key Tax Changes

Here are some of the key changes proposed in the 2015 summer budget: • Personal allowance: the income tax personal allowance will be increased from £10,600 in 2015-16 to £11,000 in 2016-17, and to £11,200 from 2017-18. • Higher rate threshold will be increased from £42,385 in 2015-16 to £43,000 in 2016-17 and to £43,600 […]