HMRC Tax Rates for 2014 / 2015

Personal Taxation Allowance The personal allowance is the amount that any UK worker (who is aged 65 and under) is allowed to earn in one year (one tax year) before they start to incur income tax. The personal tax allowance in 2014/2015 was £10,000 and this has been raised for 2015/2016 to £10,400. read more…