Yesterday Philip Hammond announced the 2018 Spring Statement. What did he say, but more importantly what does it mean for you?

View the Ashgates Spring Statement 2018 Report

With the end of the tax year looming there is still time to save tax for 2017/18. We have set out some points you may want to consider.
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The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules.
There are different levels of NMW and NLW, depending on age and whether the employee is an apprentice. The rates are due to increase from 1 April 2018 as shown in the following table:
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New company car advisory fuel rates have been published which take effect from 1 March 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.
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The advisory fuel rates for journeys undertaken on or after 1 March 2018 are: