Autumn Budget Summary 2017

Tax-free personal allowance on income tax to rise to £11,850 in line with inflation in April 2018

Higher-rate tax threshold to increase to £46,350

Short-haul air passenger duty rates and long-haul economy rates to be frozen, paid for by an increase on premium-class tickets and on private jets

National Living Wage to rise in April 2018 by 4.4%, from £7.50 an hour to £7.83.

VAT threshold for small business to remain at £85,000 for two years

Digital economy royalties relating to UK sales which are paid to a low-tax jurisdiction to be subject to income tax as part of tax avoidance clampdown. Expected to raise about £200m a year.

Capital gains tax relief for overseas buyers of UK commercial property to be phased out, with exemptions for foreign pension funds

Business rate rises to be eased

Tech giants targeted over VAT payments