27.11.2017

2017 Autumn Budget

On Wednesday 22nd November 2017 Philip Hammond delivered his first Autumn Budget speech of this Government. So what exactly did the Chancellor say and, more importantly, what did it actually mean?

Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the year to come. Written in plain English, we have once again broken the summary down into the main areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.

The summary provides an invaluable update for you and will help you get to grips with the changes. It will remain on our site for you to refer to as and when you need it but if you have any questions, don’t forget we are here to help you navigate and plan your way through the tax maze, so please do get in touch with a member of the team.

In a relatively safe budget speech, the key tax measures include:

• Increase in income tax thresholds;
• Abolition of Stamp Duty for first time buyers up to the value of £300,000; and
• A delay in the removal of Class 2 National Insurance contributions until 2019.

Our App is now updated with the very latest rates, allowances and information. Why not download it for an in hand reference source and other useful tools.

You can download our full 2017 Autumn Budget Summary from our resources page.

CNM Advisory