Set against the backdrop of Brexit uncertainty, last week Chancellor Phillip Hammond outlined his vision for the future of spending in the Spring Statement. Hammond alluded to the fact that there could be another statement before the end of the summer, no doubt dependent on the progress of a Brexit deal.…
READ MOREChancellor’s Spring Statement is welcome news for contractors
The Chancellor Philip Hammond’s decision to not add to the tax burden for UK contractors is one to be welcomed.
This is particularly the case after previous Budget announcements increased tax levels and saw a dividend allowance being introduced in 2016, which has led to a contractor’s dividend income above the £5,000 threshold being taxed.…
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