From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. The Dividend Allowance means that you won’t have to pay tax on the first £5,000 of your dividend income.
The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called 'automatic enrolment'.
In April the Government’s new National Living Wage will become law. If you engage staff aged 25 or over and not in the first year of an apprenticeship, you will be legally obliged to pay at least £7.20 per hour.
In the 2015 Summer Budget and Autumn Statement, the Chancellor introduced several changes that will affect anyone buying or owning a buy-to-let property in the UK.
As part of the Government’s vision to modernise the tax system, tax returns will be replaced by digital tax accounts for millions of individuals and businesses.
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