Mullis & Peake LLP Solicitors
Open menu
Call us on 01708 784000
  • facebook
  • twitter
  • linkedin
  • youtube
  • google+
  • Our Firm
    • About Us
      • Our Accreditations
    • Our History
    • Our Values
      • Our Client Charter
      • Our Client Survey
    • Our Testimonials
      • Commercial Team
      • Dispute Resolution Team
      • Private Client Team
      • Residential Property Team
    • Work For Us
  • Our People
  • Our Services
    • Services For Business
      • Company & Commercial
      • Commercial Disputes
      • Commercial Property
      • Employment Advice
      • Mergers & Acquisitions
      • Industry Expertise
        • Betting & Gaming
        • Healthcare
        • Industry
        • Leisure & Hospitality
    • Services For Individuals
      • Contested Wills & Financial Provision
      • Court of Protection
      • Employment Advice
      • Family & Divorce Law
      • Family Mediation
      • Lease Extensions & Enfranchisement Claims
      • Legal Disputes
      • Personal Injury
        • Personal Injury Claim Form
      • Residential Property
        • Sales Estimate Form
        • Sale/Purchase Estimate Form
        • Purchase Estimate Form
      • Wills & Power of Attorney
        • Will Quotation Form
      • Trusts & Probate
  • News & Events
    • Our News
    • Legal News
    • Our Events & Seminars
  • Contact Us
    • Find Us
      • Romford Office
      • Shenfield Office
    • Stay Informed
Open
Filter
08 March 2017

Budget Summary

  • Category:
    • Wills & Power of Attorney
  •  
  • Share:
    • Facebook
    • Twitter
    • Linkedin
    • Google Plus
08 March 2017

Budget Summary

Samantha Hamilton, head of the Private Client Department at Mullis & Peake LLP and Member of Solicitors for the Elderly shares a summary of the Budget.

PTAIT_20150514_0490

Samantha Hamilton

View Profile

Expert Commentary

The Chancellor appears to have decided against asking Angela Ripon to join him at the dispatch box when he told us that "There may be trouble ahead.....". The decidedly non-show-business delivery reflected the cautious and careful approach Philip Hammond wishes to take in the approach to Brexit.   

The main announcements were:

Income Tax - reduction in the tax-free dividend allowance from £5,000 to £2,000 from April 2018. 

Self-employed NINO -  Class 4 National Insurance paid by the self-employed will increase by 1% to 10% from April 2018 and then to 11% in 2019. 

Business Rates - there will be £435m made available for firms with increased business rates, including a £300m "hardship fund" for local councils to offer discretionary relief to some small businesses.  Pubs with rateable value of under £100,000 will receive a £1,000 discount on rates. 

Social Care Funding - additional funding of £2bn in England over 3 years, starting with £1bn in 2017/18.  A new review of long-term funding options, but "death tax" on estates ruled out. 

NHS - £100m to fund extra GPs in accident & emergency departments next winter. 

Fuel & alcohol duty - no further rises other than those already announced. 

Cigarettes - minimum duty to be introduced based on a pack price of £7.35. 

Investment in technical apprenticeships to boost workforce skills - so-called "T-Levels". 

« BACK

« BACK

Categories

  • Movers & Shakers
  • Charity & Fundraising
  • Awards & Innovation
  • Residential Property
  • Commercial Property
  • Family Mediation
  • Family & Divorce Law
  • Other

News Archive

  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • Older
easter thumbnail
Shenfield Chick Hunt
Mullis & Peake LLP were delighted to support the Shenfield ...
Read more
Mullis & Peake LLP Solicitors @Mullis_PeakeLLP@Mullis_PeakeLLP
Our Romford OfficeRomford Office
8 - 10 Eastern RoadRomford, Essex, RM1 3PJ

T:
01708 784000
DX:
138126 Romford 4
E:
office@mplaw.co.uk
Our Shenfield OfficeShenfield Office
194 Hutton Road, Shenfield, Essex, CM15 8NR

T: 01277 245015

DX: 32907 Shenfield

  • Team_of_the_Year
  • image description
  • image description
  • Acceditation_Marque_ISO_9001_Colour[2]

© Mullis & Peake LLP 2015 - all rights reserved

Website by Itineris

  • Accessibility
  • Disclaimer
  • Legal & Privacy
  • Terms of Business
  • Regulatory
  • Cookie Policy