Tax update: Budget 2017

There was nothing to get particularly excited about in November’s budget except for the abolition of stamp duty on homes up to £300,000, for first time buyers.

A few other items of note; The VAT registration threshold of £85,000 is frozen – this could have ramifications for businesses trading just below this threshold.

The National Living Wage will rise from £7.50 per hour to £7.83 per hour from April 2018.

Personal tax free allowance to be raised to £11,850 from April 2018.

Please call us if you require information about any of the above.