Further to our previous post about the changes already announced for the coming twelve months, we’ve highlighted three more tax changes in 2016
Whilst there isn’t anything as dramatic as 2015’s introduction of pension freedoms on the horizon, there’s plenty to look out for with tax changes in 2016.
Contractors are facing a major crackdown on IR35 that will introduce a new test forcing clients to become responsible for compliance and driving 90% of Personal Service Company (PSC) users onto company payrolls.
The July Budget saw the announcement that the dividend tax credit will be replaced by a tax-free allowance. Is this the start of more rises?
The Chancellor looked confident and relaxed, as well he might with the support of a Conservative majority behind him. It would, he said, be ‘a Budget for working people, as Britain looks to create a higher wage, lower tax, lower welfare country.’