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18.03.2016

2016 Budget Summary

Wednesday was Budget Day so it’s time for our 2016 Budget Summary!

The key tax measures announced on Wednesday cover:2016 Budget Summary

  • reductions in the rates of capital gains tax;
  • introduction of a Lifetime ISA for under 40s;
  • changes to Entrepreneurs’ Relief;
  • abolition of Class 2 NIC;
  • reduction in the corporation tax rate; and
  • reforms to utilisation of corporate tax losses.

You can download our full 2016 Budget Summary from our resources page.

Our app will soon be updated with the very latest rates and allowances. Why not download it for an in hand reference source and other useful tools? Calculators will be updated from 6 April 2016.

If you have any questions about the budget and how the announcements might affect you then get in touch.

CNM Advisory