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TAX changes in Budget

Some tax changes that will affect your business in Budget

Corporation tax to be reduced to 20%

Abolish NI for employing under 21’s

Abolish class 2 NI contribution to the self employed.

Abolish annual tax return.

Personal tax free allowance to be raised.

Married couple allowance  to be raised.

5m pensioners to be given right to their annuity.

New ISA rule…fully flexible ISA.

New help to buy ISA…for first time buyers. 25% top up from Government.

Personal savings allowance…First £1000 no tax

Allen Walkey

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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