2019-20 tax for small business owners and contractors
Tax update for 2019-20 The new thresholds and allowances will apply from 6 April 2019. Personal Allowance The amount you can earn before paying income tax via PAYE will increase to £12,500 (from £11,850). Income tax rates The higher rate tax threshold will increase from £46,350 to £50,000. Class 1 national insurance threshold The primary…
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