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

George Osborne presented the final Budget of this Parliament on Wednesday 18 March 2015. In his speech the Chancellor reported ‘on a Britain that is

Devolved tax powers to Scottish Parliament Following the referendum on Scottish independence, the main political parties in Scotland have agreed on new devolved powers. The

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

The personal allowance for 2015/16 For those born after 5 April 1948 the personal allowance will be increased from £10,000 to £10,600. Comment  The reduction

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

On Wednesday 3 December the Office for Budget Responsibility published its updated forecast for the UK economy. Chancellor George Osborne responded to that forecast in

VAT prompt payment discounts Legislation will be introduced in Finance Bill 2014 to amend the UK VAT legislation on prompt payment discounts so that it

CGT rates The current rates of CGT are 18% to the extent that any income tax basic rate band is available and 28% thereafter. The

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 The main rate of corporation tax will be 21% from 1 April 2014. The current rate is 23%. From 1 April 2015