The Spring Budget revealed a list of changes that affects both businesses and employees.
The key points can be found here.
Key points
- The amount someone can earn tax free will increase from the 6th April 2017
- There will be a higher rate tax threshold which will increase by £2000
- There will be some changes to National Insurance
- Corporation tax will decrease for public and private limited companies
- Dividend Allowance will decrease
- The VAT flat rate scheme will change
More information about these changes can be found on John Falcon's Spring Budget 2017 post