On 23 November 2016, UK Chancellor of the Exchequer Philip Hammond delivered the Autumn Statement 2016 to parliament. The main tax-related measures include: Individual Income Tax The individual income tax brackets and threshold will be as follows from 6 April 2017: up to GBP 33,500 - 20% GBP 33,501 up to 150,000 - 40% over GBP 150,000 - 45% The annual personal allowance will be increased from GBP 11,000 to GBP 11,500. Commitment to Cutting Corporation Tax to 17% by 2020 The main rate of corporation tax has already been cut from 28% in 2010 to 20%, and will be...