Spending Review and Autumn Statement 2015

The Chancellor, George Osborne, presented his Spending Review and Autumn Statement 2015 on Wednesday 25 November 2015. Attached is our summary of the Spending Review that sets out what government spending will be over the next four years, while the Autumn Statement is...

Self-assessment tax returns abolished

Move towards new online digital tax account The Chancellor, George Osborne, announced that self-assessment tax returns would be replaced by a new online digital tax account. HM Revenue & Customs (HMRC) has already been moving towards a more digital world with the...

Individual Savings Accounts

Rules change for savers withdrawing tax-efficient money The Government announced a ‘radically new’ Individual Savings Account (ISA) framework allowing savers to withdraw money from their ISA without it counting towards their annual tax-efficient allowance entitlement....

10 key announcements from Budget 2015

Which of these could impact on your financial plans, both positively and negatively? In his final Budget speech to parliament on 18 March, the Chancellor of the Exchequer, George Osborne, announced Britain was ‘walking tall again’ after five years of...

Budget 2015 at a glance

What the Chancellor had to say The Chancellor of the Exchequer, George Osborne, delivered his final Budget speech in this current parliament on Wednesday 18 March. Mr Osborne said Britain was a ‘comeback country’ and introduced flexible Individual Savings...

Income Tax Personal Allowance

Increase announced to £11,000 from April 2017 The Chancellor raised the Income Tax Personal Allowance once more above the expected rate of inflation, with a further increase announced to £10,800 in 2016/17 and £11,000 in 2017/18. The personal allowance will have...