The day when Britons have effectively paid their taxes for the year and will start keeping the money they earn is later than usual in 2016, falling in June for the first time in 15 years.  Tax Freedom Day falls on Friday, June 3, four days later than last year, according to the Adam Smith Institute.[…]

UK employees pay an average of £1.25 an hour in tax, according to a new analysis of Government revenues.  Of this, only 69p of that is in the form of deductions from wages. The rest is in “indirect” taxation. An average worker pays £11,000 a year in tax to the Government – around £30 a[…]

Basic Personal Allowance For 2016 to 2017 the basic Personal Allowance will be £11,000 and the basic rate limit will be £32,000. The new threshold (starting point) for PAYE is £212 per week (£917 per month). The new emergency code is 1100L for all employees. Income Tax rates and bandwidths are: UK Rate % Bandwidth[…]