Quote:
Originally Posted by Chris
Well, I am a *lot* better off - Mrs T and I are growing a B&B business and the tax-free allowance is going up faster than our earnings. We have always been a sole-breadwinner family (i.e. me) but now we are both working together we are looking at earnings of over £18,000 before we pay any income tax, once the measure announced today comes in.
.
|
So you spilt the income between two and thus use all of the tax free allowance? Was there anything else announced that is of benefit? The tax returns being cheaper if turnover is less than £77,000 for example...