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Highlights from the draft Finance Bill 2016 provisions

Speed read
Benefits: A statutory exemption for trivial benefits is to be introduced for 2016/17 onwards.
Company distributions and transactions in securities: The transactions in securities rules are to be strengthened with the introduction of a new targeted anti-avoidance rule.
Dividend allowance: A new dividend allowance for UK resident individuals will be introduced for 2016/17 onwards.
Employee shares schemes: A number of changes are to be made to the rules for taxing the award of employment-related securities (ERS) and options to acquire employment-related securities (ERS options).
Employment intermediaries: With effect from 6 April 2016 measures will restrict the ability of certain temporary workers to claim relief from tax and NICs on expenses incurred in relation to home-to-work commuting.
Farmers’ averaging:...

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