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15.03.2017

Spring Budget 2017

Spring Budget 2017On Wednesday 8 March 2017 Philip Hammond delivered the last Spring 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 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.

The key tax measures include:

  • increases in national insurance for the self-employed;
  • a reduction in dividend allowance from April 2018;
  • changes in timing of Making Tax Digital.

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

Our app will soon be updated with the very latest rates and allowances. Why not download it for an in hand reference source and other useful tools? Calculators will be updated from 6 April 2017.

 

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