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Tax Codes, Allowances and Thresholds for April 2018

Personal Tax Allowance From 6th April 2018, the new annual Personal Allowance for income tax purposes is £ 11,850. An Employee’s tax allowance is divided up according to how often he/she is paid. Using the 1185L tax code / £11,850 annual allowance as an example: Monthly paid Employees can earn £988 per month before paying… Read more →