22 November, 2017 in Industry News

Autumn Budget 2017 - Some key highlights

The Chancellor has presented his Budget to Parliament - below are some of the highlights.

Autumn Budget 2017 - Highlights

  • R&D tax credit to increase to 12%
  • No BIK for charging electric cars at work
  • New levy on new diesel cars
  • National Living Wage to increase from £7.50 to £7.83 from April 2018
  • VAT threshold frozen to £85k for 2 years
  • Abolishing of stamp duty for 1st time buyers for purchases of the first £300K for all properties up to £500k
  • Indexation Allowance on CGT for companies frozen at 31 Dec 2017
  • Phased reduction on CT rates to continue as previously announced
  • Personal Allowance increase to £11,850 from April 2018
  • Increase to Higher Rate Threshold to £46,350 from April 2018

Full summary is available here.  A PDF version of the summary is available to download here.

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