Download your free copy of the latest Tax Tables here

With a move away from Spring to Autumn Budgets, the timing of the big set-piece fiscal event of the year has shifted. However, 6th April and the new tax year is a fixed date when a number of key changes come into force, as well as non-changes, which will affect your tax planning. These include:

• The dividend tax rate will increase by two percentage points for basic and higher rate bands.

• The CGT rate on disposals qualifying for business assets disposal relief will increase from 14% to 18%.

• The 100% allowance for agricultural and business IHT reliefs will be capped at a combined £2,500,000, with 50% on additional assets, transferable between surviving spouses and civil partners.

• Income tax reliefs for investments in new VCT shares will decrease from 30% to 20%, while the size of companies involved doubles.

• The taxable amount on zero emission cars rises to 4%.

• The ISA limit remains at £20,000 ahead of changes from next year to the cash ISA threshold for under 65s.

• Stamp duties, corporation tax and VAT levels remain the same.

Download your free copy of the latest Tax Tables here

If you have any questions about the contents of your Tax Tables or how any aspects of your tax and financial planning may be affected, please call us to discuss them.