Tax Rates & Bands Card for 2020-21- A Discussion!

THE INCOME TAX ALLOWANCE BETWEEN THE 2019-20 & 2020-21 ARE AS FOLLOWS Personal allowance: £12,500 (for 2020-21) similar to 2019-20. But this allowance was reduced by £1 for every £2 income from £100,000 to £125,000. Personal allowance income limit; £100,000 (consistent with 2019-20) Basic rate tax payer- £1000 (for 2020-21 & 2019-20) Higher rate tax … Continue reading Tax Rates & Bands Card for 2020-21- A Discussion!

COVID 19 Pandemic – Effect on UK finance and Steps taken to Counter

In what can very well be termed as an unprecedented step in the history of the country, the UK was put under lockdown for the first time after the outbreak of the COVID 19 epidemic on 23rd March. It’s nearly 2 months since then and still, there is hardly any sign of relief visible at … Continue reading COVID 19 Pandemic – Effect on UK finance and Steps taken to Counter

A Comprehensive Look into Hammond’s 2017 Autumn Budget

With 2017, finally reaching it’s near; UK Chancellor Philip Hammond unveiled the latest fiscal budget also known as the Autumn Budget. Tipsters are already calling it as one of the most intricate budgets, particularly set against the backdrop of plummeting living standards, substandard growth and weak Brexit. Primary Focus Areas of the Autumn Budget: The … Continue reading A Comprehensive Look into Hammond’s 2017 Autumn Budget