NI workers benefit from tax cuts of £2,000 since 2010

Reports suggest that David Cameron will today speak of his “pride” at having cut tax by almost £2,000 for the typical worker in Northern Ireland and the rest of the UK.

Figures released by the government show that between 2010/11 and 2014/15, the cumulative income tax cut for the typical taxpayer will be £1,824.

From Sunday April 6, the personal allowance at which people start to pay income tax will be raised from £9,440 to £10,000. The allowance will rise to £10,500 next year.

This will mean that a further 200,000 people have been taken out of income tax altogether, taking the number paying not income tax to more than 3million people.

The employment allowance also comes into effect, giving more than one million businesses and charities up to £2,000 off their National Insurance Contributions.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with any tax compliance issues and help if you have been selected for a tax enquiry. If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.