New Tax Brackets 2024/2024. With the spring budget set to be announced, we’ve rounded up a comprehensive guide to all of the tax rates and thresholds in the uk ahead of the new fiscal year beginning on. From 1 july 2024, the tax cuts have:
1 the individual’s personal allowance is reduced where their income is above this limit. April 6 2024 marked the start of the new 2024/25 tax year, when various changes came into effect that could have an impact on your finances.