Changes to Spring 2017 budget
There are a number of changes that have been listed in the budget announced recently. One of those changes was the increase in Class 4 National Insurance from April 2018.
Key changes for payroll
Personal allowance to rise to 11,500 from April 2017. This means that we all would have around £112 per year more in our pocket compared to 2016/17 along with this, the higher tax bracket will rise from £43,000 to £45,000 in April 2017.
Record keeping and book keeping
Important reminders for newly formed companies: Just to highlight the importance of keeping records. HMRC can impose penalties if the records are inadequate.
Seasonal Greetings from Harris Accountancy
“It has been a year since I took over Harris Accountancy as its owner. I was delighted and overwhelmed by the support received from all! I thank you” – Shaziya Somji.
Tax and Payroll Update
Here are a few key points and changes effective from 6th April 2017. More information can be found on a number of our our previously published website articles. See full details on this page.
