Income tax personal allowance and national insurance limits for 2021-22

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PinkDalek
Lemon Half
Posts: 6203
Joined: November 4th, 2016, 1:12 pm

Income tax personal allowance and national insurance limits for 2021-22

Post by PinkDalek »

26 November 2020: Hidden in the spending review was a statement that some income tax allowances and thresholds and national insurance limits would increase in line with the September CPI figure. ICAEW’s Tax Faculty explains what this means. ...

https://www.icaew.com/insights/tax-news ... for-202122

I doubt it was hidden but I didn't look!

AJC5001
Lemon Slice
Posts: 385
Joined: November 4th, 2016, 4:55 pm

Re: Income tax personal allowance and national insurance limits for 2021-22

Post by AJC5001 »

PinkDalek wrote:26 November 2020: Hidden in the spending review was a statement that some income tax allowances and thresholds and national insurance limits would increase in line with the September CPI figure. ICAEW’s Tax Faculty explains what this means. ...

https://www.icaew.com/insights/tax-news ... for-202122

I doubt it was hidden but I didn't look!
Don't forget that the income tax basic rate limit is less in Scotland, as are the rates of tax payable. The next Scottish budget will be on 28th January 2021. https://www.holyrood.com/news/view,most ... -announces
Who knows what rates will be announced then. :?

Adrian

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