Increase in Personal Allowances

The guidance notes state that the change is expected to take place from 7 September 2008, subject to Parliamentary approval and Royal Assent of the Finance Bill.

The guidance goes on to state that a revised employer CD rom will also be issued at around that time to confirm the changes. Those individuals on straightforward PAYE tax codes (suffix L) will have their tax codes uplifted to reflect the change. Individuals with more complicated circumstances will be issued with individual coding notices nearer the time.

Employers and employees need do nothing for the time being. We will keep you informed of developments.

If you would like to find out more or have any questions, we will be delighted to offer any help or advice. Please contact Peter Hogan at Darlington, Nicola Bellerby at Durham or Terry Doyle at York.

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