<strong>UK BUDGET 2016</strong>
Chancellor George Osborne presented his 2016 Budget to Parliament on 16<sup>th</sup> March 2016.

He opened his speech saying that this is the Budget that puts the next generation first.

The Budget delivers security for working people.

Key points affecting small and medium-sized firms include:

<strong>- The minimum wage is £6.70 for those aged 21 to 24.</strong>

The National Living wage for those aged 25 and over is £7.20.

<strong>- Corporation tax</strong> is now 20%

<strong>- Beer,</strong> cider and wine duties frozen.

<strong>- Personal tax-free allowance</strong> is now £ 11,000: will raise to £11,500 next year.

- <strong>VAT Registration</strong> threshold increased to £ 83,000.

You can find all the numbers here summarised on 2 pages:

[jbutton icon="download" size="xlarge"]Download[/jbutton]

<a href="http://www.numbersbalanced.com/budget2016/">Budget2016</a>

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