Income Tax

Summer Budget 8th July 2015: The Main Points

The Personal Allowance The Chancellor was already moving in the direction of a £12,500 personal allowance with the allowance previously due to rise to £10,800 in 2016-17. However, in the Budget he has now said that the first £11,000 of…
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CONCISE BUDGET PREDICTIONS FOR 8TH JULY 2015

The Chancellor must strike a balance between commitments made prior to the election and the need to generate revenue. The Conservative Party’s manifesto pledge for a tax lock on income tax, VAT and national insurance limits the Chancellor’s room for…
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Predictions for the Budget: March 2015

Experience suggests that attempting to anticipate what will be contained in a forthcoming budget is a difficult if not impossible act, particularly with an election on the horizon in early May. The problem for the Chancellor is that absolutely anything…
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Restriction on Personal Allowances for Non-Residents

The government is intending to consult further on restricting the entitlement of non-UK residents to the UK personal allowance. No changes will be made before April 2017 and so the position should remain unchanged for the current tax year and…
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