Tax Changes 2016-17

Are you aware of the changes to Tax 2016-17


Below is a summary covering all of the major tax changes being implemented for Tax year 2016-17.


Increase in tax-free personal allowance


Increase in the 40p tax threshold


Improvement in the marriage allowance


Change in wear and tear allowance


New national living wage of £7.20


Increase in national minimum wage


Launch of Personal savings allowance


New Innovative Finance Isa arrives


Basic state pension increased


Lifetime allowance decreased


Ending National insurance ‘contracting out’



Contact HMRC for advice on Self Assessment, Tax, allowance, Child Benefit, tax credits, National Insurance and other related enquires.

If you are looking for advice in a particular area, please get in touch with DNS Accountants. DNS Accountants is a leading Accountancy firm in UK offer accountancy services to many regions including London, Harrow, Bromley, Redruth, Birmingham, Manchester, Haslemere, Cambridge, Guildford, Wigan, Hull, Bristol, Bath, Wirral, Milton Keynes, Liverpool and Norwich etc.

Above Content is Originally posted at :

http://contractor-accountants.blogspot.com/2017/06/tax-changes-2016-17_19.html

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