Home > Blog, News > Our Autumn Statement summary 2015

Our Autumn Statement summary 2015

November 26th, 2015

Please find below our summary of the Autumn Statement. The main points to note are:

  • No changes to current travel & subsistence for contractors where IR35 doesn’t apply
  • Employment allowance for NIC to increase to £3k from 6 April 2016, but sting in the tail that it will no longer be available to companies where the director is the sole employee, or where the director(s) and family members are the only employees
  • Falling corporation tax rates to 19% then 18% from 1 April 2017
  • Another blow to buy to let landlords is the introduction of a new payment regime for capital gains on the disposal of a property where principal private residence relies is not available, being 30 days after the date of disposal
Autumn Statement 2015

 

Please contact us if you have any queries.

 

Blog, News

Comments are closed.