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09 March 2017

New 25% transfer charge for QROPS

on Thursday, 09 March 2017.

A 25% charge will be implemented for transfers into Qualifying Recognised Overseas Pension Schemes (QROPS) to target those seeking to reduce the tax payable on their retirement savings.

09 March 2017

Free childcare for 3 & 4 year olds doubled to 30 hours a week

on Thursday, 09 March 2017.

The Chancellor confirmed previous announcements that the current 15 hours a week of free childcare for 3 and 4 years olds will be doubled to 30 hours a week from September 2017.

09 March 2017

£1,000 business rates discount for pubs from April 2017

on Thursday, 09 March 2017.

The government will introduce a £1,000 business rates discount for public houses with a rateable value of up to £100,000, for one year from April 2017. This is expected to benefit 90% of UK pubs.

09 March 2017

VAT registration threshold increased to £85,000 from April 2017

on Thursday, 09 March 2017.

From April 2017 the VAT registration threshold will be increased to £85,000 (currently £83,000), while the VAT de-registration threshold will also increase to £83,000 (currently £81,000).

09 March 2017

NS&I investment bond interest rate to be 2.2% on up to £3,000

on Thursday, 09 March 2017.

The Chancellor confirmed that the new National Savings & Investments Investment Bond will be introduced from April 2017 and will be available for a period of 12 months. It will offer investors a market-leading interest rate of 2.2% on savings of up to £3,000, over a 3 year term.
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