Forthcoming changes from 6 April 2016 – think about them now!
In his attempts to reduce the UK debt mountain, George Osborne has made inroads into a multitude of basic tax reliefs. Many significant changes are due to be made from 6 April 2016.
From April 2016, the government has declared its intention to deny UK taxpayers a number of basic reliefs. If enacted, these changes will divert personal and business cashflow, after tax income, into the Treasury.
We have highlighted three areas where these changes will have a significant impact:
