There are some major changes to taxpayer liabilities for the 2018 – 2019 tax year which it is worth being aware of. Many earners will see their take home pay rise, but savers and landlords will lose out. Homeowners will now be able to leave more to close relatives without paying inheritance tax and Scotland now has a different income tax rate structure to the rest of the UK. To help you understand the changes, Everfair Tax have summarised the main points for you. Personal Allowances The amount you can earn without paying income tax, known as the personal allowance, has risen from £11,500 to £11,850. Income Tax Basic rate tax remains at 20%, with the 40% tax starting at the higher amount o
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