Budget 2016: Commentary

Budget 2016: Commentary

KPMG’s Budget 2016 Commentary covers the key tax measures announced on 16 March and what they mean for Businesses, Individuals and Employers.


Head of Tax, Pensions and Legal Services

KPMG in the UK


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Budget 2016: Commentary

The measures covered include:

  • Business tax road map
  • Loss relief
  • Royalty payments
  • BEPS announcements
  • Tax deductibility of corporate interest
  • Changes to SDLT on non-residential property
  • SDLT surcharge on second homes and buy-to-lets
  • Reduction in CGT rates from 6 April 2016
  • Lifetime ISA
  • Off-payroll working in the public sector: reforming the intermediaries legislation
  • Tax and National Insurance Contributions (NICs) changes to termination payments 
  • Extension of Entrepreneurs’ Relief to Long Term Investors
  • Entrepreneurs’ Relief changes for associated disposals and joint venture companies
  • New definition of domicile for tax purposes
  • Capital Gains Tax: lifetime limit on Employee Shareholder Status exemption
  • Profits from trading in UK land
  • VAT - Tackling overseas trader evasion
  • Oil and gas taxation
  • Soft drinks industry levy
  • Increase in the standard rate of IPT
  • Stamp duty and stamp duty reserve tax on options

Budget 2016: On a page

View key figures from the Chancellor's Budget statement.

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Budget 2016

Expert insight and analysis of the Chancellor's 2016 Budget Statement.

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