Budget News

Budget News

How will the budget affect you and your staff – a snapshot of some of the changes made on 22 November which will affect your business if you employ staff…

Minimum wage will increase from April 2018 – It is going up from £7.50 to £7.83 per hour

Personal Allowance is also rising from April 2018 to £11850

In addition the Higher Tax rate Threshold will be increasing to £46350

VAT threshold will remain at £85000 for now

There is also going to be more help on Business Rate costs for small businesses