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Only 49 Days to Go to Tax Freedom Day...

The start of a new tax year usually brings feverish calculations on the part of journalists and economists alike as to the implications of changes in personal taxation.

This year, they are weighing up the comparative effects of the rise in the personal allowance to £9,440 (a significant step to reducing the tax burden for low- and middle-income workers) and at the other end of the spectrum, the reduction in the 50 per cent rate to 45 per cent for the highest earners. But so much of the tax burden is hidden or not obvious, and it can be hard to assess the overall impact.

To read the full article go to Spear's blog

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