Accountancy Fellowship 01202 757385 Chartered Accountants 13 Queens Road, Bournemouth
Tax Data Budgets Tips and Advice

Print Page

~ Accounts ~ Business Tax ~ Personal Tax ~ Tax Planning ~ Financial Planning & Budgeting ~ Company Incorporation ~ Business Start Ups ~ V.A.T. Registrations ~ Bookkeeping ~ Payroll & P.A.Y.E. ~ C.I.S. ~ Tax Investigation Defence ~

Accountancy Fellowship is the trading name of  “Accountancy Fellowship Limited” incorporated in England and Wales. Registration No. 6036328

© Copyright:    Accountancy Fellowship Ltd

Email us with a U.K. tax question

HMRC INVESTIGATION

Back to Budgets

Budget 8 March 2017

 BRIEF HIGHLIGHTS OF TAX CHANGES:

> Personal income tax allowance for 17/18 to be £11,500.

> Higher rate tax threshold for 2017/18 up by £2,000 to £45,000.

> National Insurance for the self employed increased. Class 4 NI up 1% to 10% from 1/4/18 & up 1% to 11% from 1/4/19.

> Vat threshold increased to £85,000 from 1/4/17 and de-registration to £83,000.

> Dividend allowance reduced from £5,000 to £2,000 from 1/4/18.

> Quarterly business records reporting delayed by one year for landlords and unincorporated businesses below the VAT threshold.

> Tobacco (from 6pm 8 March 2017) and alcohol (from 13 March 2017) duties are left as set in the previous budget, except minimum cigarette pack price excise tax introduced.

> Business rates measures to help small businesses involving capping the effect of new revaluations, a discretionary fund of £300M to be available for Councils to allocate relief in exceptional circumstances and discounts for most pubs.

> Childcare funding for working families improved from September 2017.

> NS&I 3 year bonds up to £3,000 available in 2017/18 to everyone over 16 to pay interest at 2.2%.

> Vehicle excise duty to rise by inflation from 01/04/2017.

Back to Budgets