08-11-2018

Last week’s Budget 2018 announced a number of changes to the main Income Tax rates and allowances for the 2019/20 tax year.

HMRC has published an annex, which includes the main rates and allowances announced in the Budget 2018, and is useful as a single point of reference for the latest changes. The annex also covers all announcements made at Autumn Budget 2017 and subsequently.

Categories comprise:

  • Personal tax and benefits
  • Company car tax
  • National Insurance contributions (NICs)
  • Working and child tax credits, child benefit and guardians allowance
  • Capital, assets and property (includes pensions)
  • Business and financial services
  • Indirect tax.


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Michael Stevenson
Payroll Manager at Queen's University Belfast

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