The 2017 Budget was announced yesterday and we just thought we’d share BBC’s article with the key points:

  • Tax-free personal allowance on income tax to rise to £11,850 inApril 2018
  • Higher-rate tax threshold to increase to £46,350
  • National Living Wage to rise in April 2018 from £7.50 an hour to £7.83.
  • VAT threshold for small business to remain at £85,000 for two years
  • The Employment Allowance for Employers NI remains at £3,000 for 2018/19.

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