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The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
Personal – pensions tapered annual allowance
Rates and allowances The tax-free personal allowance will remain at £12,500 for the 2020/21 tax year throughout the UK. The basic-rate band in England, Northern Ireland and Wales will stay at £37,500 and consequently, the higher-rate threshold will con...Tapered allowance threshold set to rise
High earners poised for pensions boost.BCC: ‘Use the Budget to boost businesses’
Time to sweep away barriers to business growth.Workplace pension participation levels hits new high
Participation rate increased 30% over eight years.FSB calls for tweaks to entrepreneurs’ relief
Business group warns against abolishment in Spring Budget.Predictions for Spring Budget 2020
A round-up of the best rumours for individuals and businesses.The end of mortgage interest relief
Landlords to lose relief on finance costs from 2020/21.UK-US trade deal may boost economy by 0.16%
Government estimates an uplift of up to £3.4bn.IFS: ‘Pensions should be liable for inheritance tax’
Cutting pensions tax relief seems unlikely.Campaigners voice concerns over IR35 changes
No penalties for non-compliance in 2020/21.
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