Monthly Archives: April 2016

Guidance on SDLT Budget reforms

April 25th, 2016

Following announcements made in the 2016 Budget on 16 March, HMRC have published further guidance on the changes that are being made to stamp duty land tax (SDLT), and how they affect non-residential property transactions from 17 March 2016. The changes mean that: – on or after 17 March 2016, the SDLT rate for non-residential […]


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National minimum wage increases announced (under 25s)

April 11th, 2016

Following recommendations made by the Low Pay commission, the government has announced increases in the national minimum wage (NMW), which will take effect from October 2016. The new rates will be as follows: – The rate for 21- to 24-year-olds will rise by 3.7% to £6.95 an hour. – The rate for 18- to 20-year-olds […]


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Close alignment of income tax and NICS

April 7th, 2016

The Office of Tax Simplification (OTS) has published its recommendations on closer alignment of income tax and national insurance contributions. The report contains some bold recommendations for what would be a major reform of the UK’s tax rules. At summer Budget 2015, the government asked the OTS to look at options for aligning Income Tax […]


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OTS recommends simplifications for small companies

April 7th, 2016

The Office of Tax Simplification (OTS) has unveiled a package of recommendations aimed at making the tax system simpler and easier to use for small companies. The report, entitled Small company taxation review contains a mix of long range structural change ideas and simpler short term administrative improvements. The recommended administrative changes include: – aligning […]


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