Guide to Budget 2016

Budget 2016 key details and summary

Following a year in which the Chancellor had a pre-election Budget in March, a surprise summer Budget in July and an Autumn Statement in November, on 16 March the Chancellor delivered his first Budget of 2016.

Here is our Budget 2016 summary and analysis of the key points and developments.

Please see the links further down this page for our detailed Budget 2016 sector analysis.

Main Budget tax proposals

Our summary concentrates on the tax measures which include:

  • 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
  • Reforms to corporate tax losses.

Sector analysis for the Budget 2016

We will provide a range of sector analysis following Budget 2016 on the links below.

Please bookmark this page and use it as a point of reference over the coming tax year. 

You can also keep up-to-date with ongoing developments by registering for our specialists news here.

For more information on the impact on Budget 2016

If you wish to speak to one of our specialist tax team about Budget 2016 and what the changes may mean for you and your business, please get in touch. To book your free initial meeting, please make contact with your nearest office.

We look forward to hearing from you!

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Stephen Charles

Tax Partner, Sheffield

0114 266 7141

[email protected]

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Martin Wilmott

Partner, Doncaster

01302 367 262

[email protected]

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David Cairns

David Cairns

Tax Partner, Northampton

01604 645 600

[email protected]

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5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

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Sheffield

0114 266 7141

Doncaster

01302 367 262

Northampton

01604 645 600

Contact

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