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

The personal allowance for 2014/15 For those born after 5 April 1948 the personal allowance will be increased from £9,440 to £10,000. The reduction in

George Osborne presented his Budget on Wednesday 19 March 2014. In his speech the Chancellor set the scene for the announcements stating that ‘If you’re