Spring budget round up

Jennifer Parnell looks at the key issues likely to affect individuals and businesses following the chancellor’s latest announcements

10 May 2017

The month of March saw Philip Hammond present his second, and potentially his last, set of budget announcements as chancellor of the exchequer. There were some highs and some lows presented. With the recent announcement of a general election to take place on 8 June, it remains to be seen whether a new government will honour these most recent changes or not.Personal taxation

As has been the case for several tax years now, the personal allowance has increased to £11,500 for 2017/18, with the higher rate threshold rising by £2,000 to £45,000. The national insurance contribution upper earnings limit and upper profits limits have increased for 2017/18 in ...

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