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Autumn Budget 2018

The UK Government has published its Autumn Budget, here are some key points:

  • from April 2019 the National Living Wage will increase from £7.83 an hour to £8.21

  • the tax-free Personal Allowance will rise to £12,500

  • the Higher Rate income tax threshold, the point at which people start paying tax at 40%, to rise from £46,350 to £50,000 in April 2019

  • fuel duty will remain frozen for a ninth year

  • there will be £150 million for a North Wales Growth Deal

  • new 2% digital services tax on UK revenues of big technology companies, from April 2020

  • no tax on takeaway coffee cups but to be reconsidered if the industry doesn't make enough progress

  • a new tax on plastic packaging which does not contain 30% recyclable material

For further information please visit the GOV.UK  and BBC websites.

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