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The Low Incomes Tax Reform Group (LITRG) has welcomed the announcement in today’s Budget of mentoring support for low earning self-employed workers to help them grow their businesses. However LITRG is warning that changes are needed to the financial support that low earning self-employed workers get too.
The Chancellor has announced today in the Budget that having gone up to £11,000 in the tax year beginning 6 April 2016, the personal allowance will rise again to £11,500 in 2017/18.