Orange & Gold Blog

Changes in the personal allowance and basic rate limit for 2013/14, 2014/15 and 2015/16.

The income tax personal allowance for 2013/14 will increase from £8,105 to £9,440 and the basic rate limit will be reduced from £34,370 to £32,010.

For 2014/15 the personal allowance will be increased to £10,000, as promised by the coalition government at the start of its term of office. The basic rate limit will be reduced to £31,865.