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July 2013

Budget Overview 2013

This year’s Budget sees no changes announced to the headline rates of income tax suffered by individuals but there was a focus on attaining the £10,000 personal allowance threshold for the 2014/15 tax year. The impact of increasing the personal allowance and reducing the level at which higher rate tax becomes payable will result in more people suffering some higher rate tax in the future. A corporation tax rate of …Read More