The changes from the 2011 Finance Act UK are beginning to bed down.
There have been a number of changes to entitlements,
including how they are measured, which will actually take place on April 11,
While there has been ground given on income tax, primarily
for low-income earners, the main rate at which National Insurance is charged
has increased for the 2011-12 financial year.
There have been small but significant changes to the
thresholds in the 2011 income tax system, which will result in thousands of
taxpayers being placed in new tax bands.
Alongside the draft Finance Bill which followed the 2011 Budget, the government also published further details about the new rules that apply when people draw income directly from their personal pe
Alongside the draft Finance Bill which followed the 2011 Budget, the government also published further details about the replacement for the Child Trust Fund (CTF).
There were no new announcements on tax credits, so the previously publicised rates and changes apply.
There were no surprises on savings and investments in the Budget.
The government is to look at merging income tax and National Insurance, chancellor of the exchequer George Osborne has announced.
As previously announced, from April 2011 the amount of higher-rate and additional-rate income tax relief will be restricted for new entrants to childcare voucher salary sacrifice schemes.
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