The last Spring Budget?

Chancellor Philip Hammond gave what he described as the last spring budget but what was in it for you?!

On a quick review, the following snippets may be of interest to our clients in particular:

  • Increases to Class 4 National Insurance rates for Self Employed;
  • Reduction in the Dividend Allowance;
  • Changes to the timing of Making Tax Digital for smaller businesses;
  • Increase in cash basis threshold for smaller businesses.

Previous announcements include:

  • Increases to the personal allowance and basic rate band (a decreased band for Scottish taxpayers) details can be found here:2017-18 rates and allowances;
  • Reduction in the money purchase annual allowance (MPAA);
  • Introduction of the Apprenticeship Levy;
  • Changes to corporation tax loss relief;
  • Introduction of an additional inheritance tax residence nil rate band;
  • Changes for non-UK domiciled individuals.

Have a look at the information notes on’s website for more:

Pound, Coins, Currency, Bank Note, Money

Whilst we have no reason to believe the above is not accurate it is for general guidance only.  Buick & Co Chartered Tax Advisers and Tax Consultants take no responsibility whatsoever for this blog, its reliability or any actions you take having read it.


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