With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients'' tax liabilities are planned to be at a minimum.
The main changes for 2017/18 are:
- Personal allowance increase to £11,500
- Transferable couples/civil partners allowance of £1,150
- Car benefit multiplier increases by 2%
- Basic state pension increases by £3.00 (2.5%) to £122.30 per week
- New trading allowance up to £1,000
- New property allowance up to £1,000