March 24, 2017

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Budget March 2017 – Main effects of the Spring Budget

Reduction to the Dividend Allowance The £5,000 annual dividend allowance introduced last year will be reduced to £2,000 from April 2018, which will hit small business owners who take their profits as dividends, making employer pension contributions more attractive. Stronger measures against tax avoidance schemes Financial penalties will be imposed against the enablers of schemes… Read More