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