On 29 October 2018, UK Chancellor of the Exchequer Philip Hammond delivered the Budget 2018 to Parliament. The main measures of the Budget that will be included as part of the Finance Bill 2018-19 include: An increase in the individual income tax personal allowance to GBP 12,500 with the basic rate limit being increased to GBP 37,500 for 2019-20 and 2020-21, and future increases being indexed with CPI – Brackets and rates for taxable income exceeding the personal allowance will be as follows for the tax year 2019-20: up to GBP 37,500 – 20% GBP 37,501 to 150,000 - 40%...