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Tax rebate 2007/08
newbuilder
Posts: 264 Forumite
in Cutting tax
Can someone remind me:
Most people got a tax rebate (lump sum + a change to their monthly tax allowance)
I think this was about £60 but I can't remember.
Does this stop as of 4 April 2009 and we revert back to our original tax codes, effectively having a tax rise?
What impact will it have - i.e. how much of a rise will happen?
I am surprised it has not hit the news.
Most people got a tax rebate (lump sum + a change to their monthly tax allowance)
I think this was about £60 but I can't remember.
Does this stop as of 4 April 2009 and we revert back to our original tax codes, effectively having a tax rise?
What impact will it have - i.e. how much of a rise will happen?
I am surprised it has not hit the news.
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newbuilder wrote: »Can someone remind me:
Most people got a tax rebate (lump sum + a change to their monthly tax allowance)
It was last tax year - 2008/9
Basic rate taxpayers got £60 lump sum in September and personal allowance went from $5435 to £6035Does this stop as of 4 April 2009 and we revert back to our original tax codes, effectively having a tax rise?
No this year's personal allowance is £6475 so you will pay less tax.What impact will it have - i.e. how much of a rise will happen?
None.I am surprised it has not hit the news.
There is nothing to report. The personal allowances for this tax year were announced some time ago.0
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