Personal tax

Personal tax changes

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

New tax year: personal changes

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

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.

Self-employed NICs rise dropped

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

More people choosing to be self-employed

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

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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