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News - Autumn Budget 2017



Income Tax

The personal allowance (£11500 in 2017/18) will increase to £11850 in 2018/19.  Higher rate tax threshold is to be increased to £46350.

National Insurance

Employer and employee National Insurance thresholds to be equalised at £162 per week from 6 April 2018.



The standard rate will remain at 20%.  The turnover threshold for VAT registration is £85000 and the threshold for VAT registered businesses wishing to cancel their registration is £83000.

Corporation Tax

The Corporation Tax rate (19% in 2017/18) will fall to 18% in 2019/20 and 17% in 2020/21.