“The Budget”
Your guide to the Budget 2017… How will the changes this year affect you?
In the good humoured and jovial delivery of his first and last spring budget, Philip Hammond labelled himself the “Spreadsheet” Chancellor and boasted £26 billion of “headroom” as he prepares Britain for its global future.
For the first time the Finance Bill 2017 will set the main rate of tax for those resident in England, Wales and Northern Ireland with the Scottish Parliament already having set their residents main rate in February 2017.
The personal allowance will be £11,500 for every UK resident but the higher rate threshold will be£2,000 lower for Scottish residents at £43,000.The savings rate of tax continues to be set by the UK Government for all UK taxpayers.
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