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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.

 

VAT

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.