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On 13 May, Chancellor Alistair Darling announced an increase in the
personal allowance of £600 - to £6,035. The change will be backdated to 6
April 2008 and will go through payrolls in September, when basic rate
taxpayers will receive an extra £60, with a further £10 every month
thereafter. At the same time, the higher rate threshold will be reduced by
£1,200 to £34,800.
These changes are reflected in our Tax Tables, which may be subject to
further amendment during the passage of the Finance Bill through Parliament.
National Insurance rates and Personal allowances for 2008-09 have
been announced.
Tax rates and allowances as announced in the Budget on 12th March 2008 are detailed in the tables below:
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