The tax changes announced affects only the 'Low Earners'. No tax payable for taxpayer with assessable income of £11,200 or less (increase of £50)
Please note that Social Insurance has been increased by 10% effective as from 01/07/2018.
Read more: The Budget 2018/2019
Social Insurance increased by 10% on 1st April 2017 - same rates applicable for tax year Jul 17/Jun 18.
Maximum S/I for Employee capped at £27.50 PW (previous £25.16) and maximum for Employer capped at £36.50 PW (previous £32.97)
No tax payable for taxpayer with assessable income of £11,150 or less (increase of £50)
Tax Codes re-numbered to [1 to 52] from previous [21 to 72]
Read more: The Budget 2017/2018
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