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Tag: Budget 2017

Chancellor's spring statement

Hammond: light at the end of the tunnel

Philip Hammond, reversing national insurance pledge
Chancellor Philip Hammond insisted there is ‘light at the end of the tunnel’ for the UK economy as he revealed

Budget: Business taxes and reliefs

VAT threshold unchanged as R&D tax credit raised

Pure li-fi
Fears that the Chancellor would lower the VAT threshold for businesses were dismissed as he announced there would be no change to the current level of £85,000 “for two years”.Read More

Budget: Motoring

Diesel owners to expect tax penalties

fuel duty cars
Diesel car owners are to be hit with further tax increases if their car doesn’t meet the required standards. Vehicle Excise Duty will rise, meaning those cars that are notRead More

Budget: Alcohol and tobacco

Drinks spared duty hike, but smokers hit

Loch Ness Brewery 1
Drinkers were spared a further hike in alcohol duties but smokers are set to be further out of pocket

Budget: savings & pensions

Relief as pensions escape further tinkering

A decision to leave pensions tax reliefs untouched gave some relief to the industry though there are expectations of further change to come. Sara Wilson, head of platform proposition atRead More

Budget: Personal taxes

Income tax threshold dilemma for Mackay

Income tax own pic
The tax-free personal allowance will rise to £11,850 in April and the higher rate to £46,350, putting added pressure on the Scottish Finance Secretary Derek Mackay when he delivers hisRead More

Budget: entrepreneurial tax predictions

Changes likely to SEIS, EIS and VCT schemes

Andrew Holloway says the Chancellor is likely to tinker with incentives for investment...

Budget: Tax hike 'anti-enterprise'

Chancellor under attack over hit on self-employed

Philip Hammond, reversing national insurance pledge
Chancellor Philip Hammond suffered criticism from business leaders and is own backbenchers after hiking National insurance contributions for the self-employed. The measure, which breaks a 2015 Tory manifesto pledge onRead More

Budget: Investments

Changes to dividends, savings and pensions

The Chancellor’s cut in the dividend allowance for which company directors use to top up their income was described as anti-business. His change will also impact on savings and heRead More

Budget: Money Comment

Few changes, and that’s fair enough

Alan Steel
What’s the world coming to ? The UK March Budget used to be fun. Umpteen controversial changes aimed at the investment and financial planning community.   Boffins would pore overRead More