New prime minister, new tax policies - Pembroke Financial IFA's

New prime minister, new tax policies

Boris Johnson took office towards the end of last month with a new chancellor in Sajid Javid, both with different ideas from their immediate predecessors and a list of tax proposals in hand…. but at what cost? There is already speculation about what Mr. Javid might produce in his first Budget and more importantly, what some much publicised tax proposals could cost. At the start of his campaign, Boris Johnson’s main tax proposal emerged as raising the higher rate threshold to £80,000 from its current £50,000 level and applying the same increase to the ceiling for full rate National Insurance Contributions (NICs)…