November 22, 2017 / 1:23 PM / 22 days ago

UK's Hammond raises thresholds for income tax next year

LONDON, Nov 22 (Reuters) - British finance minister Philip Hammond on Wednesday committed to raise the threshold at which Britons start to pay tax on their income to 11,850 pounds ($15,674) next year, compared with 11,500 pounds currently.

Hammond also said the threshold at which people pay the higher rate of income tax will rise to 46,350 pounds next year. ($1 = 0.7560 pounds) (Reporting by Andy Bruce, editing by Alistair Smout)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below