26 November 2020: Hidden in the spending review was a statement that some income tax allowances and thresholds and national insurance limits would increase in line with the September CPI figure. ICAEW’s Tax Faculty explains what this means. ...
https://www.icaew.com/insights/tax-news/2020/nov-2020/income-tax-personal-allowance-and-national-insurance-limits-for-202122
I doubt it was hidden but I didn't look!
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Income tax personal allowance and national insurance limits for 2021-22
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PinkDalek
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AJC5001
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Re: Income tax personal allowance and national insurance limits for 2021-22
PinkDalek wrote:26 November 2020: Hidden in the spending review was a statement that some income tax allowances and thresholds and national insurance limits would increase in line with the September CPI figure. ICAEW’s Tax Faculty explains what this means. ...
https://www.icaew.com/insights/tax-news/2020/nov-2020/income-tax-personal-allowance-and-national-insurance-limits-for-202122
I doubt it was hidden but I didn't look!
Don't forget that the income tax basic rate limit is less in Scotland, as are the rates of tax payable. The next Scottish budget will be on 28th January 2021. https://www.holyrood.com/news/view,most-important-scottish-budget-since-devolution-set-for-28-january-kate-forbes-announces
Who knows what rates will be announced then.
Adrian
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