What does the 2016 Budget mean to you?
With the most recent Budget being announced last week, we have summarised the highlights that may be important for you and your business. - Firstly, the personal allowance is due to increase to £11,000 in April 2016 and £11,500 in April 2017, meaning that the amount you can earn, tax free, is on the rise. - The higher rate 40% tax bracket is set to increase from £42,385 to £45,000 by April 2017. - For the Self-Employed, Class 2 National Insurance Contributions are set to be a