Draft 2017-18 Tax Calculator Updated
The updates announced in the Autumn 2017 Tax Budget have been integrated into the calculator.
Following the 'final' Autumn budget, delivered today by Treasurer Philip Hammond, we have integrated the announced changes to Personal Taxation and released it to the site.
The two changes announced were;
- The increase of the Personal Tax Free Allowance from £11,500 to £11,850
- Higher rate tax threshold increased from £45,350 to £46,350
In order to see the impact of the changes, please select "Draft 2017/18" from the Tax Year dropdown on the main site.
We will put together a more detailed summary later on, but for now, these are the important points for us.