Spring Budget 2017: Government slashes dividend tax allowance

In a Budget where he left pension tax relief well alone, Philip Hammond focused his attention on the self-employed and small business owners in an effort to make the tax system "fairer" and more "equal".  The government said the move would both reduce the tax differential between the employed and self-employed and raise revenue for the government to invest in public services. It also claimed support for investors would be "more effectively targeted" and make the total amount of income available tax-free "fairer and more affordable". Read more of our Spring Budget 2017 coverage here ...