Personal tax

Personal tax changes

Here is an overview of some of the main changes for 2017/18 affecting personal finances.

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New tax year: personal changes

Changes to income tax, inheritance tax, capital gains tax, residence and domicile and ISAs from 6 April 2017.

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Residence nil-rate band Residence nil-rate band Residence nil-rate band Dividend allowance

Tax-free childcare to start in April

The government’s new tax-free childcare scheme will launch on 24 April 2017.

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Self-employed NICs rise dropped

Plans to increase national insurance contributions for the self-employed have been dropped.

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More people choosing to be self-employed

Despite the challenges, more people are choosing to be their own boss.

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Online tax return deadline reminder

The deadline to submit your online tax return is no later than midnight on 31 January 2017.

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