0 the amount of income on which you do not have to pay tax
1 an amount of money that can be taken off someone's income and savings, or a company's profits before the tax owed is calculated:
They show that the qualitative results are sensitive to the institutional arrangements regarding the taxation and indexing of unemployment benefits and the personal tax allowance.
The child tax allowance gave extra help to higher taxpayers, no help to non-taxpayers and roughly the same to people in work.
Such considerations are more important than the effect of the tax allowance.
Child allowance should be cash or a tax allowance.
In a sense, a tax credit is like a tax allowance.
The married couple's tax allowance is paid to unmarried couples.
The value of the working families tax credit is that it is one tax allowance that is effectively targeted at those on low incomes.
We wanted to stop well off couples without children getting a tax allowance they did not need.
