Income Tax Rates 2018/19

In the Autumn Budget, the Chancellor has announced the income tax rates for the year 2018/19 tax year. New tax year starts in April. New personal allowances and dividend rates are changing. its hard time for contractors as the tax-free dividend will be reduced from £5000 to £2000 which means extra tax to pay. Nothing’s […]

Budget 2017 Key points at a glance

Autumn Budget: What you need to Know Philip Hammond has delivered his second budget as chancellor. Here are the key points of his speech. Despite much speculation to the contrary, there will be no change to IR35 in the private sector. VAT Threshold Despite rumours of a reduction in the VAT registration threshold, the Chancellor announced […]