Many tax allowances and thresholds reset at the start of each new UK tax year on 6th April. Common examples include the Personal Allowance (the amount you can earn tax-free), dividend allowances, and capital gains tax thresholds. These amounts can change each year following the government's Budget announcements. It’s essential to stay updated on these changes, as they can affect your tax liability. Monitoring the new tax year's rules ensures you can plan effectively and take advantage of any available tax reliefs.

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