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Income tax allowances and rate limits: regulations

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The Income Tax (Indexation) Order, SI 2012/3047, provides for the indexation of allowances and rate limits for 2013/14. However, the autumn statement announced that legislation in Finance Bill 2013 will increase the basic personal allowance to £9,440 and reduce the basic rate limit to £32,010.

Issue: 1151
Categories: News , Private client taxes