2017 Budget... get your figures right!

As a small business owner I was really disappointed in this budget. As part of the Conservatives general election campaign David Cameron referred to small businesses as the economy’s “magic ingredient”. The budget that was delivered on 8th March 2017 clearly did not support this. The Chancellor quoted a self-employed tax person earning £32,000 and paying £2,300 in tax, these figures were incorrect. As a sole trader in 2016/17 a business would pay £6,500.20 in tax and as a limited company combined taxes would be £5,630.38. Since the start of the conservative government, using Mr Hammond’s £32,000 a business owners tax bill has increased by £840.78 per annum, this is a rise of 17.5%. The ma

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