21

Mar

Quick budget recap for those who may have missed it –
– business rates cut for all rate payers from April 2017
– corporation tax cut to 17% by April 2020
– capital gains tax cut to 20% from 6 April 2016 for higher rate tax payers and 10% for basic rate tax payers
– personal tax allowance will increase to £11,500 and higher rate threshold will rise to £45,000 from April 2017
– new threshold for small business rates to more than double from £6,000 to £15,000
– duty frozen on beer, cider and whisky
– fuel duty frozen
– new sugar tax levy on soft drinks from 2018
– new lifetime ISA for under 40s

plus lots more!