The Chancellor, Philip Hammond, recently announced that the Government will no longer proceed with the proposed increase in Class 4 NICs rates for the self employed. The self employed currently pays Class 2 and Class 4. The abolition of Class 2 NICS from April 2018 will still go ahead. Great news for the self employed!
On 8th March 2017, The Chancellor delivered the Spring Budget speech. The Budget announcements contain many vital taxation changes which affect majority of the people in the UK from businesses to personal taxes. Feel free to look at the Government’s website for a summary of what was announced. https://www.gov.uk/government/news/spring-budget-2017-21-things-you-need-to-know.