Emergency Budget 2010 – Summary of Proposals

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The year 2010 is more than usually complicated from the tax point of view because of the change of Government and the introduction of an Emergency Budget. The March Budget introduced a number of measures intended to continue the policy of stimulating the economy by keeping public spending substantially above public revenue.  The new Government [...]

Emergency Budget 2010 Update

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PERSONAL TAXATION 2010/11 2009/10 Personal allowance general £6,475* £6,475 aged 65 or over in year of assessment £9,490 £9,490 aged 75 or over in year of assessment £9,640 £9,640 age allowance income limit £22,900 £22,900 minimum where income exceeds limit £6,475 £6,475 Married couple’s allowance (10% relief) either partner born before 6 April 1935 N/A [...]

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