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What is the personal allowance for yr ending 2007 (current tax return)

1 reply

allmytimeonmumsnet · 30/01/2008 13:27

Just finishing off my tax return - last minute as ever. Lost the bloody thing and had to totally print off forms etc. Anyway just wanted to check the personal allowance. My net profit (self employment) is £4333.68 - am I right that is below the allowance. Can't find it written anywhere and website not much help.
Thanks

OP posts:
hopefully · 30/01/2008 16:27

The personal allowance for 2006/07 was £5,035, so yes, you're under it provided there's no other income anywhere else!

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