The tax data card detailed below lists changes to tax rates and bands in 2023/24 – and compares them to the previous year.
Key changes are:
- Decrease in the additional rate income tax band from £150,000 to £125,140.
- Decrease in the dividend allowance from £2,000 to £1,000.
- Decrease in the capital gains annual exemption rate from £12,300 to £6,000.
You can find out more about the detailed changes in the attached document