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The Chancellor announced the following income tax rates and allowances.
Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.
A starting rate for savings band of £5,000 at 0% may be available unless taxable non-savings income exceeds the starting rate band.
Savings and dividend income are taxed using UK rates and bands.
Although income tax for Wales has been devolved, Welsh resident taxpayers continue to pay the same overall rates as taxpayers in England and Northern Ireland.
26 Apr 2024
HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.
25 Apr 2024
Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.
24 Apr 2024
Data published by HMRC has revealed that inheritance tax (IHT) receipts rose to a record high of £7.5 billion in the 2023/24 tax year.