Budget 2017 highlights

The main points announced and confirmed today were: Individuals Personal allowance confirmed to increase to £11,500 from April 2017 and £12,500 by 2020 Higher rate threshold to increase to £45,000 from April 2017 and £50,000 by 2020 Class 2 will still be abolished from April 2018 Class 4 national insurance on self-employed will increase to […]

House of Lords urge delay ‘Making Tax Digital’

The influential House of Lords economic affairs committee has this week criticised The Government’s ‘Making Tax Digital’ programme, adding to the raft of criticisms the proposals have already received from Members of Parliament and pro-business groups.  In a Report  published on March 16, the committee urges the Government to re-think and argues that “while the digitalisation […]

Hammond’s U-Turn. A National Insurance Climb Down

The Chancellor has today made a surprise U-turn on the widely criticised increase to class 4 national insurance rates from 2018, announced in last week’s Budget.  Whilst we welcome the climb down, it is worth noting two things. First, the threshold at which the higher rate of class 4 NIC is applied increases from 6 […]

Albert Goodman Financial Planning strengthens with key appointment

Albert Goodman is pleased to announce the appointment of Claire Musson to the Financial Planning team, based at the firm’s headquarters in Taunton. Bringing more than 30 years’ experience to the firm, Claire is a qualified Certified Financial Planner and has particular expertise in providing advice on complex pension issues, including final salary schemes and retirement […]

LANDLORDS UNDER FIRE

Is the UK housing market “broken”? The taxation of rental properties for landlords has changed significantly recently as part of a fix due to Government Ministers’ perception that the UK housing market is “broken”.  A summary of the recent and upcoming changes follows: Wear and Tear Allowance The wear and tear allowance previously available for furnished lettings […]

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