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News

26 Jan 2021

HMRC waives self assessment penalties for a month

Self assessment taxpayers will not be fined for late online returns if they file by 28 February, HMRC has said.

25 Jan 2021

LITRG calls for rise in High Income Child Benefit Charge threshold

The Low Incomes Tax Reform Group (LITRG) has urged the government to raise the High Income Child Benefit Charge (HICBC) threshold to avoid it affecting basic-rate taxpayers for the first time in April.

22 Jan 2021

Nine million people borrowed more in 2020 as result of COVID-19 pandemic

Almost nine million people had to borrow more money in 2020 as a result of the coronavirus (COVID-19) pandemic, data published by the Office for National Statistics (ONS) has revealed.

Tables

Rate 1979/80 1980/81
Single Persons Allowance £1165 £1375
Married Man's £1815 £2145
Child's allowance (per child) £365 £365
Age related 65-74 £1540 £1820
Higher rate - income over £31,865 £32,010
Age related 75 and over
Married Couples
Age related 65-74 £2455 £2895
Age related 75 and over

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Somerset
BA5 2PF


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Chalmers HB Limited, Registered in England, Registered number 4233537, Registered Office: 20 Chamberlain Street Wells Somerset BA5 2PF. Chalmers HB Audit Limited, Registered in England, Registered number 9739736, Registered Office: 20 Chamberlain Street, Wells, Somerset BA5 2PF.