Chancellor Phillip Hammond has reaffirmed the government’s plans to increase to personal tax allowance to £12,500 by the end of this Parliament in his Budget speech.
As previously announced, workers will see their personal tax allowance rise to £11,500 from 6 April 2017 and the allowance will reach £12,500 by the 2019/20 tax year.
Source Moneywise http://ift.tt/2m1Zr8U
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