A statement with few announcements

Chancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year. There was no red briefcase, no red book, no spending increases and no tax changes as the chancellor announced updated...

Changes for 2018/19

Dividends The tax-free dividend allowance will reduce from £5,000 to £2,000 from 6 April 2018. Income tax rates The bands and rates at which people in Scotland pay income tax have been significantly changed for 2018/19, but it will be business as usual for taxpayers...