What does the Spring Budget 2017 mean for you? – Alexander & Co Summary

Manchester accountants Alexander & Co have created a spring budget infographic

As we discussed in our blog a few weeks ago, the Spring Budget 2017 was going to take place on March 8th. With the big day taking place this week, the 2017 Spring Budget made a number of announcements, with only a few coming into full effect in the new tax year in April.  As our infographic shows, there are still plenty to take away for businesses and individuals. Here are some of the big announcements:

Key announcements from the Spring Budget

During the Spring Budget 2017, Philip Hammond confirmed:

  • Personal allowance will increase again to £11,500
  • A new higher rate threshold of £45,000 (Scotland- £43,000)
  • National living wage will increase to £7.50 an hour
  • 2.2% on deposits up to £3000 with the NS&I bond
  • Digital tax will be mandatory by 2020

Manchester Accountants have created this handy pdf for the Spring Budget 2017 announcement

If you enjoyed our Spring Budget 2017 summary you can download the PDF here.

Tax advice in Manchester

If you have any queries regarding the 2017 Spring Budget at all, do not hesitate to get in touch with our friendly team on the contact page or give us a call on 0161 832 4841