Tax changes bought forward by a year

As already announced, the personal allowance and the higher rate tax threshold increased on 6 April 2019. The personal allowance went up to £12,500 and the basic rate band to £37,500, which means that for most taxpayers the higher rate tax threshold is now £50,000. These thresholds were due to come into effect from 6 April 2020 but the Chancellor announced that the start date would be brought forward by one year.

Note that the limits will then remain the same for 2020/21.