Take a look at our Summary from last week's Autumn Budget. If you have any questions about anything raised in the Budget please do not hesitate to get in touch with one of our team on 0845 303 1144 or email firstname.lastname@example.org.
Last week saw Philip Hammond deliver his first Spring Budget as Chancellor. There were a few shock announcements on the day, one being the dividends allowance now reduced to just £2,000 from next year prompting some in-year tax planning for our limited company clients.
After a heavy backlash from his opposition about tax rises, the chancellor has now abolished his plans to raise the Class 4 National Insurance from April 2018 one week after delivering his budget bringing a sigh of relief to many self-employed people.
The changes proposed where the contractors IR35 status will be decided by the public body they are contracted with is still going ahead beginning from April 2017.
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