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.