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Old 17.04.2015, 10:13
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UK Tax Free Allowance going forward

Hi,

Does anyone know the status of the uk 10k tax free allowance is still valid for UK tax year 15-16. There was a plan to abolish it, I know a consultancy on it took place, but now I see no mention of it. Has it been quietly dropped or is it still going ahead ?

thanks
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Old 17.04.2015, 10:27
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Re: UK Tax Free Allowance going forward

https://www.gov.uk/government/consul...onal-allowance

The consultation seems to have closed. I haven't looked into it since, it could still be in the works, quietly dropped, or even quietly introduced and nobody noticed
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Old 17.04.2015, 10:31
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Re: UK Tax Free Allowance going forward

https://www.accountancylive.com/ciot...-non-residents
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Old 17.04.2015, 10:40
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Re: UK Tax Free Allowance going forward

See the comments in the autumn statement:

Quote:
Restricting entitlement to the personal allowance for non-residents At Budget 2014 the government launched a consultation on whether or not to restrict the Income Tax personal allowance for non-residents. Whilst the government believes there is a strong rationale for doing this, it recognises it is a complex change for both employers and individuals who may be affected. The government will continue to discuss implementation of this change with stakeholders. Should the government decide to proceed, a more detailed consultation will be undertaken. No change will come into effect before April 2017.
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Old 17.04.2015, 10:50
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Re: UK Tax Free Allowance going forward

Quote:
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See the comments in the autumn statement:
brilliant work Phil, much appreciated.
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