Tag: Business

Budget 2017

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Chancellor, Philip Hammond delivered his first budget speech today. Key measures include: Business Rates – £1,000.00 discount for pubs with rateable value of less than £100,000.00. £50.00 per month cap on increases for small businesses no longer eligible for small business relief. £300 million discretionary fund. National Insurance – Class 4 contributions to increase to 10% in April 2018 and 11% in 2019. Class 2 contributions to be abolished in…

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Budget Summary 2016

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Here’s the headline changes announced in the Budget by the Chancellor, George Osborne today Personal Taxation The threshold at which people pay 40% tax will rise from £42,385 to £45,000 next April Tax-free personal allowance to rise to £11,500 1% rise in insurance premium tax Capital Gains Tax to be cut from 28% to 20%, and from 18% to 10% for basic-rate taxpayers Annual Isa limit to rise from £15,000 to…

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