End Of Tax Year
April is of course the month that heralds the new tax year. Along with the submission of year-ends and the distribution of P60’s there’s also new tax-free allowances.
All workers in Britain can now earn £5435 a year without paying any tax. And there’s good news for those aged 65 and over, whose tax-free allowance has gone up from £7280 to £9030.
There’s also a change in the number of tax bands in operation; out goes the 10 percent rate to be replaced by a lower basic rate of 20 percent, taxed at earnings between £5435 and £36,000. The top rate remains at 40 percent.
April is of course the month that heralds the new tax year. Along with the submission of year-ends and the distribution of P60’s there’s also new tax-free allowances.
All workers in Britain can now earn £5435 a year without paying any tax. And there’s good news for those aged 65 and over, whose tax-free allowance has gone up from £7280 to £9030.
There’s also a change in the number of tax bands in operation; out goes the 10 percent rate to be replaced by a lower basic rate of 20 percent, taxed at earnings between £5435 and £36,000. The top rate remains at 40 percent.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
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Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
