Changes to income tax thresholds come into force
Implementation date: 6 April 2012
The income tax personal allowance increases by £630, bringing it to £8,105. The threshold at which employees pay the higher income tax rate of 40% is reduced to £34,371 (from £35,001). Official tables of the 2012/13 tax rates (PDF format, 56K) can be viewed on the HM Treasury website.