Daily Archives: 18th February 2020

IOM Budget 2020/21 – Key Features at a glance

Income tax rates and allowances A slight increase in personal allowance by £250 from £14,000 to £14,250 while the 10% tax bracket remains at £6,500. National Insurance: 10% rise in earnings threshold, 5% rise in UEL affecting earnings >£42k p.a. Tax Cap From April 2020 a 10 year tax cap election will be available in addition ...
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