The chancellor's 2016 Budget, together with HMRC's Business Tax Roadmap which was published alongside the budget documents, announced and confirmed a number of changes relating to corporation tax.
SME Tax News
The Chancellor announced a number of changes to Capital Gains tax (CGT) and Entrepreneurs' Relief (ER) in his 2016 Budget statement, including a reduction in capital gains tax rates for individuals.
Budget 2016: summary of key new measures announced this week by the chancellor.
The chancellor made his 2016 Budget speech today and made a joke on pensions: "...we'll keep the lump sum and abolish the Liberal Democrats."
In Alexander Revell v HMRC [2016] UKFTT TC04887 the First Tier Tribunal (FTT) decided that an enquiry into an unsolicited Tax Return was not valid.
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In this week's web-update we have our Employer's Update for March. Don't miss it. It's packed full of practical information and planning points for employers for the end of the year and getting started for the new one.
The House of Lords Economic Affairs Committee's report on the Draft Finance Bill 2016, raises a number of areas of concern.
In March 2016 the Office of Tax Simplification (OTS) published 'Closer alignment of income tax and national insurance contributions' its simplification review and identified 84 "misalignments and differences" between the two.