Self Assessment and Tax Returns
Income tax applies to the amount of income after deduction of personal allowances.
Income is taxed in a specific order with savings and dividend income taxed last.
A personal allowance gives an individual an annual amount of income free from income tax.
Income above the personal allowances is subject to income tax.
At Cox Costello & Horne we can assist with any queries you have surrounding rates and allowances.
Insights and latest news
Roadmap out of lockdown to take effect from 17 May
From 17 May, indoor hospitality businesses are permitted ...
UK economy set to grow rapidly once COVID restrictions are relaxed
The Bank expects the economy to grow by 7.25% this year. At their latest meeting, bank policymakers voted to hold interest rates at a record low of 0.1%.
Optimism amongst SME manufacturers has risen significantly
The CBI revealed that the volume of total new orders grew, but export orders were flat. Manufacturers expect output and domestic orders to bounce back in the next quarter, the CBI said.