Moore Accountancy were not overly enamoured about “Spreadsheet Phil’s” Budget and it’s effects for our small business clients.
Positives included no negative changes to pensions, £2bn more for social care and a delay in Making Tax Digital (MTD) for small self-employed businesses under the VAT threshold.
Negatives include the increase in Class 4 NICs from 9% to 11% by April 2019 and the reduction of the 0% dividend band from £5k to £2k.
Some of these points are further discussed in our Budget newsletter which can be read here –Tax-Newsletter-UK-March-2017.
If you wish to discuss anything from the budget then please drop us an email at email@example.com