Chancellor Philip Hammond picks a self-employed pocket or two in his first (and last) Spring Budget March 9, 2017 Chancellor Philip Hammond stands accused of breaking a key Conservative manifesto pledge after announcing a double-raid on Britain’s self-employed workers during yesterday’s Budget. Delivering the first of two Budgets this year, Hammond said he would raise the main rate of Class 4 National Insurance contributions (NICs) for the self-employed by one percentage point to 10 [...]
Budget 2017: Philip Hammond’s national insurance hike prompts accusations Tories reneged on manifesto pledge March 8, 2017 Philip Hammond unleashed a set of measures aimed at closing the gap between the employed and the self-employed in today's Budget. The chancellor said he would raise the main rate of class 4 national insurance contributions (NICs) for the self-employed by one per cent to 10 per cent from April next year, with a further [...]
Budget 2017: Tax hike for self-employed as class 4 NICS changes announced by Chancellor Philip Hammond March 8, 2017 Self-employed workers across the UK are facing a tax hike, after Philip Hammond announced he will do away with lower national insurance payments for freelancers. From April 2018, the main rate of class 4 national insurance contributions for the self-employed will increase by one per cent to 10 per cent, with a further one per cent [...]
Budget 2017: The tax-free dividend allowance has been cut from £5,000 to £2,000 – this is what it means for you March 8, 2017 Chancellor Philip Hammond announced today that the tax free dividend allowance is being cut from £5,000 to £2,000. Hammond said he was taking action to reduce the tax differential between the self-employed and employed – but what does it mean for the UK? Lower "salaries" Many self-employed people provide their services through companies, paying themselves dividends [...]
Tax free dividend allowance reduced from £5,000 to £2,000 two years after George Osborne scrapped the dividend tax credit March 8, 2017 Chancellor Philip Hammond has slashed the tax free dividend allowance from £5,000 to £2,000. The Treasury said the allowance was being shrunk so as to "reduce the tax differential between the self-employed and employed, and those working through a company, to raise revenue to invest in public services". It will "ensure that support for investors is [...]
Budget 2017: Corporation tax falling to 17 per cent by 2020 March 8, 2017 Chancellor Philip Hammond today confirmed that corporation tax will fall to 17 per cent by 2020 – the lowest in the G20. The chancellor said "the UK needs a fair tax system" so that the UK becomes the "best place to start a business". From April this year, corporation tax will fall to 19 per cent, Hammond [...]
Legal & General share price inches up as profits and earnings climb March 8, 2017 Legal & General has reported a hike in profit and earnings during 2016, The figures Profit before tax was up 17 per cent to £1.6bn, from £1.4bn in 2015. Earnings per share rose 19 per cent to 22.2p from 18.58p. The group's full year dividend came in at 14.35p per share, an increase of seven [...]
London Bridge train and tube disruption to continue after station was evacuated and closed in police security alert March 7, 2017 Delays and cancellations were expected on all lines from London Bridge, Cannon Street and Charing Cross well into rush hour, after London Bridge was placed on lockdown by police after reports of a suspicious vehicle this afternoon. #LondonBridge – London Charing Cross, London Cannon Street and London Bridge are expected to be extremely busy. — [...]
Hotmail and Outlook are down: Xbox players as well as hundreds of email users are unable to access their accounts due to Microsoft outage March 7, 2017 A Microsoft crash has locked thousands of email users have been locked out of their accounts today. Website status monitoring service downdetector.com said there had been 1,276 reports of problems with Outlook today, which was previously known as Hotmail and is offered by Microsoft. A spokesperson for the firm said: "We are aware of reports [...]
