Budget 2016 has introduced changes for contractors, and payers of contractors, as well as other business tax changes that will come in to effect on 1 April 2017.
You may be affected by the changes if:
you pay schedular payments
you receive schedular payments
you’re a labour hire business and you pay contractors
you’re a contractor working for a labour hire business, eg recruitment company, or
you pay provisional tax.
There have also been changes to incremental late payment penalties and information sharing.