George Osborne presented the first Spring Budget of this Parliament on Wednesday 16 March 2016. In his speech the Chancellor reported on ‘an economy set

Tax lock The government will legislate to set a ceiling for the main rates of income tax, the standard and reduced rates of VAT, and

Capital gains tax (CGT) rates and annual exemption No changes have been announced in respect of CGT rates or the annual exemption. Inheritance tax (IHT)

Corporation tax rates From 1 April 2015 the main rate of corporation tax is 20% and it is proposed that this rate will continue for

The personal allowance for 2015/16 For those born after 5 April 1938 the personal allowance is £10,600. For those born before 6 April 1938 the

George Osborne presented the first Budget of this Parliament on Wednesday 8 July 2015. The speech set out his plans for the next five years

Digital tax accounts The government has announced some initiatives to ‘transform the tax system over the next Parliament’ by introducing digital tax accounts and removing

Capital gains tax (CGT) rates The current rates of CGT are 18% to the extent that any income tax basic rate band is available and

Employer provided cars The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are

Corporation tax rates From 1 April 2015 the main rate of corporation tax, currently 21%, will be reduced to 20%. As the small profits rate