Here are a few key points and changes effective from 6th April 2017. More information can be found on a number of our our previously published website articles. See full details on this page.
From April 2016 the Dividend Tax Credit will be replaced by a new tax-free Dividend Allowance. This simpler system will mean that only those with significant dividend income will pay more tax.
Grants received by CICs and other social enterprises are not automatically treated as tax free or exempt. It is essential to establish the nature of the grant for corporation tax and VAT purpose.
From 1 January 2015, the rules on EU VAT charges for digital sales to consumers, covering anything from ebooks to music and video games, online library services and newspaper websites, will fall under the new regulations.