HMT News – April 2016

recent-transactions-newsletter-april2016v2HMT triumphs at the Thames Valley Deal Awards 2016
It has been a very successful year again for HMT at the 2016 Thames Valley Deals Awards as we are delighted to have been awarded Corporate Finance Team of the Year and Partner Ian Barton was voted Dealmaker of the Year on the night. Two deals HMT advised on also secured ‘Deal of the Year’ in their respective categories: the MBO of Whistl and the MBO of BOFA International. Read full story here

Capital gains tax rates
The government is to reduce the higher rate of CGT from 28% to 20% and the basic rate from 18% to 10%. Read full story

Lifetime ISA
A new Lifetime ISA will be available from April 2017 for adults under the age of 40.  Read full story

National Minimum Wage rises
The National Minimum Wage (NMW) rates will increase from 1 October 2016. Read full story

First Minister for Scotland plans to block UK tax ‘cuts’ in favour of public services
First Minister Nicola Sturgeon has announced plans that income tax rates in Scotland will be frozen, with no increases in the basic, higher or additional rates. Read full story

Personal allowances and tax bands
From 2016/17 onwards one personal allowance will apply regardless of age. Read full story

Reduction in corporation tax rate
The main rate of corporation tax is currently 20% and this rate will continue for the Financial Year beginning on 1 April 2016. Read full story

Personal service companies in the public sector
From April 2017, individuals working through their own company in the public sector will no longer be responsible for deciding whether the intermediaries legislation applies and then paying the relevant tax and NIC. Read full story

Business rates
The Chancellor has announced cuts on business rates for half of all properties in England from 1 April 2017.  Read full story