Update from DRG Chartered Accountants 


Budget 2016

On Wednesday 16th March, the Chancellor delivered his "Next Generation Budget". Highlights include:-

  • Small Business Rate Relief threshold rising to £12,000
  • Corporation tax to reach 17% from April 2020
  • New Lifetime ISA for the under-40s
  • Stamp duty on commercial property reduced for lower bands
  • Capital gains tax to be cut from 28% to 20%
  • Income tax personal allowance rising to £11,500 from April 2017
  • Class 2 NICs for the self-employed abolished from 2018
  • ISA allowance to rise to £20,000
  • New sugar levy on soft drinks from 2018

Please do get in touch to discuss how the Budget could affect you and your business.