NINE THINGS TO LOOK OUT FOR IN THE NEW TAX YEAR
April 1 2016.



Spring is in the air, and so is the new tax season for many businesses. Here are nine major changes you need to know.


According to Clive Lewis, head of enterprise at ICAEW, a number of these changes could be an added burden for growing businesses, "Including pensions auto-enrolment and tax dividend changes.

“It’s important that small businesses are aware of the changes this coming tax year and beyond,” he said.

1. Tax dividend changes

The way dividend income is taxed will change significantly and this is set to affect hundreds of thousands of small businessowners across the UK. From April 2016, every individual will receive an annual £5,000 tax-free limit for dividend income. Dividend income of over £5,000 (and after using up any remaining personal.....


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