Business tax

Several tax changes have come into effect from 1 April 2016 that will affect businesses.

New stamp duty rates on commercial property are set to be introduced from 17 March 2016.

The Chartered Institute of Taxation has urged the government to rethink its approach to the apprenticeship levy set to be introduced from April 2017.

Local councils are expected to collect a record £23.5 billion in business rates by 2017.

The incoming legislation requiring small businesses to digitally submit their information quarterly will lead to previously compliant individuals becoming non-compliant, according to The Low Incomes Tax Group.

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