This tax information and impact note affects Income Tax payers, employers and pension providers.
This measure ensures that the personal allowance will be increased to £11,000 for 2016 to 2017 and to £11,200 in 2017 to 2018.
The basic rate limit will be increased to £32,000 for 2016 to 2017 and to £32,400 for 2017 to 2018.
As a result, the higher rate threshold will be £43,000 in 2016 to 2017 and £43,600 in 2017 to 2018.
8 July 2015
HM Revenue & Customs
Summer Budget 2015: HM Revenue and Customs
Summer Budget 2015
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