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Spring Budget 2017: Has the Chancellor Sprung Any Surprises for Employment?

17 March 2017 #Employment


The 2017 Spring Budget was announced by the Chancellor Phillip Hammond and except for the self-employed, the changes were seen to be fairly uneventful from an employment law perspective. 

Here is a summary of the key announcements:

  • Personal allowance will rise by £500 to £11,500, thus the amount an individual can earn tax free will increase.
  • The tax-free dividend allowance will be reduced to £2000 from £5000 from April 2018. This measure aims to “remove the incentive for a self-employed person to incorporate and pay themselves a dividend rather than a salary in order to reduce their employment tax liability.”
  • £5 million will be used to promote “returnships” helping people back into employment after a career break.  The Prime Minister confirmed that the majority of such schemes would benefit women returning to work after a career break.
  • Consultations and calls for evidence will be launched (on 20 March) on the taxation of benefits in kind, accommodation benefits and employee expenses.
Clarkslegal, specialist Employment lawyers in London, Reading and throughout the Thames Valley.
For further information about this or any other Employment matter please contact Clarkslegal's employment team by email at employmentunit@clarkslegal.com by telephone 020 7539 8000 (London office), 0118 958 5321 (Reading office) or by completing the form on this page.

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Alison Flett

Alison Flett
Associate

E: aflett@clarkslegal.com
T: 0118 960 4688
M: 0771 784 1822

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