Spring Budget 2017 was light on new measures with very few new announcements that will come into effect for the 2017/18 tax year. The Chancellor confirmed that from April 2017: – the national living wage will be £7.50 an hour – personal allowance will increase to £11,500 and the higher rate threshold to £45,000 (£43,000 …
In April 2017 two new tax-free allowances for were introduced for micro businesses. One applies to trading and miscellaneous income and could save you tax on up to £1,000. How can you take advantage of it? It was a pleasant surprise when in the 2016 Budget the Chancellor announced two new tax allowances of £1,000 …
How does the new tax-free trading allowance work? Read More »
The government intends to reform the tax rules on employee expenses. Its first step is to ask employers about the policies and systems. Will this involve more work for you? Changes ahead. The government has been angling for changes to the rules for employee expenses for several years. It now seems that those made in April …
