As a BAPC special missal succinctly outlined following the Autumn Statement, the National Living Wage will rise from £7.20hr to £7.50hr next April, and that same month the tax-free allowance will be raised from £11,000 to £11,500 (rising to £12,000 by 2020) and National Insurance contributions from employees and employers will be aligned at £157 per week. Insurance Premium Tax will rise from 10% to 12% from June next year, and Corporation Tax is slated to fall to 17% by 2020. What does all this mean for your business? Let me know.
