- By Paul Reed
- In Accounting
Changes to 19/20 Tax
The new tax year started on 6 April 2019. There are some changes that are set to take effect for the 2019/2020 year. Every year, there are modifications to the tax threshold, rates, and allowances. These are the main factors that will affect individuals and businesses: Higher Tax-free Personal Allowance Personal allowance, which is the amount you