CCH Live News brings you full coverage of the 2015 Budget including major highlights, commentary and insight from tax experts and industry leaders.
A Budget for 'Britain, the comeback country' – Budget 2015 key tax measures
Chancellor of the Exchequer, George Osborne has delivered a Budget 'of an economy taking a step from austerity to prosperity'. Despite expectations of a cautious pre-election Budget, a few surprise measures were announced including the abolishing of Class 2 National Insurance contributions (NICs) for the self-employed and a new personal savings allowance to remove tax on up to £1000 of savings income for basic rate taxpayers and up to £500 for higher rate tax payers. Self-employed farmers will benefit from being able to average their profits for income tax purposes from 2 years to 5 years. The Chancellor also announced the 'death of the annual tax return' which is to be abolished 'altogether.'
The first Finance Bill of 2015 will, it is understood, be considered, settled and enacted before the end of March.
- Budget overview by Trevor Johnson
- Personal Tax
- Corporate and Business Taxes
- Tax Simplification
- Capital Gains Tax
- Indirect Tax
- Unchanged Measures
The following contain useful tables and links in relation to Budget 2015:
The Budget Archive
To review CCH's coverage from recent budgets please use the links below.