The Institute for Fiscal Studies has said that six million people will still
be worse off as a result of the abolition of the 10p rate if income tax.
Despite the government raising the threshold at which income tax is paid, a
detailed analysis by the IFS calculates that the six million people who will
still pay more tax this year will include those under 65 on incomes of between
£6,535 and £13,355 a year,
The biggest losers will be people earning £7,755 a year, who will be £112
18 million families will be an average of £150 a year worse off over the next
two years unless the Government extends the one-off £160 tax cut, which will
soften the blow from ending the 10p rate this year.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy