The staged increases in the basic personal allowance to £10,000 will take many low income people out of tax. But it will not necessarily make them better off, because of the complex interaction of the tax and national insurance with the benefits and tax credits systems.
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The staged increases in the basic personal allowance to £10,000 will take many low income people out of tax. But it will not necessarily make them better off, because of the complex interaction of the tax and national insurance with the benefits and tax credits systems.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: