New tax free rates and allowances for 2017-18

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Presentation Description

The start of new tax year on 6th April 2017 is the beginning of the tax year 2017/18.


Presentation Transcript

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New tax free rates and allowances for 2017/18 The start of new tax year on 6 th April 2017 is the beginning of the tax year 2017/18 and arrival of new tax rates and allowances. Mostly people who are resident in the UK are aware that they have a tax free basic personal allowance is of £11500 for the 2017/18. If your income is below your personal allowance in a tax year means you do not make full use of your personal allowance you lose the unused part. You cannot carry any unused personal allowance backwards or forwards to another tax year. Taxes are complicated and find a comprehensive guide on tax. Also there are so many other allowances are available for use and can reduce the tax liability.  Personal Saving allowances  ISA allowance  National living wage and National minimum age  Married couples allowance  Marriage allowance  Blind person’s allowance  Income tax rates  Starting rate limit savings income  Personal savings allowance  Dividend allowance  Trading Income Allowance  State Pension

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At the same time we thought we did you bring you on some quick overview of the key changes in the tax year begins. Here you can find detailed information and latest figures on the updated tax free allowance 2017/18 including marriage allowances fuel duty and rates. If you need more information please book a free consultation today. Specialist accountants from our team will be happy to help with whatever tax related question you have. DNS Accountants is a proficient accounting firm that offers complete range of accounting book-keeping and tax related services to contractor/freelancer and small businesses across the United Kingdom. DNS Accountants consultation charge is always free. Call 02071480205. Contact Information: DNS Accountants Pacific House 382 Kenton Road Harrow Middlesex HA3 8DP UK Phone: 02071480205 E-mail: Website:

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