THE PEOPLE'S ACCOUNTANTS
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Income Tax

The freeze on the personal allowance, and the basic and higher-rate income tax thresholds in England and Northern Ireland will be extended to April 2028. The freeze on these taxes had been due to lift in 2025-26.

The biggest change announced in the Autumn Statement was the reduction of the additional-rate income tax threshold, dropping from £150,000 to £125,140 from 6 April 2023.

The table below shows income tax rates and thresholds for 2023-24, compared to 2022-23.
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The People's Accountants Ltd.
Norwood Suite,
Sheepbridge Business Centre,
Chesterfield, 
Derbyshire S41 9ED.

A company limited by shares (No. 13983276).

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Member of the ICPA
  • Home
  • Services
    • Accounting Services
    • Self Assessment Tax Returns
    • Business Set Up
  • Tax Info
    • Corporation Tax
    • Income Tax
    • Capital Gains Tax
    • Dividend Tax
  • Useful Info
    • Rental Income Information
    • Paying Corporation Tax
    • Paying VAT
    • Paying Personal Tax
    • Useful Phone Numbers
  • Clients
  • T&Cs
  • Reviews
  • Get In Touch