Below is a summary of the tax policy measures announced in the Autumn Budget 2017, and how they impact on owner managed businesses (OMBs). Overall, the budget was largely uneventful from a tax point of view, and so there is not a great deal to say. Highlights: - - The income threshold before individuals begin to pay higher rate tax increased by £1,350 to £46,350 from 6 April 2018 - Dividend allowance reduced by £3,000 to £2,000 from 6 April 2018 - This does not affect the tax