Budget 2018: Personal Tax

The commitment by this government to raise the personal allowance to £12,500 and the higher rate threshold to £50,000 has been accelerated by a year and will now take effect on 5 April 2019.

This measure will lead to a tax reduction for many of our clients (though if you drink wine, some of the saving will be taken up by the increases in duties reserved for that particular poison – beer, spirits and cider saw no increase in duties).