AS 2014: key tax measures from SDLT to ER

For a summary of the important tax changes for business and individual taxpayers announced by the Chancellor in Autumn Statement 2014, Diane Tan reviews the key measures from reform of stamp duty rates to personal allowances and business tax reliefs. Read our at-a-glance guide here

Despite the Office for Budget Responsibility’s earlier announcement that tax receipts are expected to fall £8bn short of its March forecast in 2014–15, the Chancellor was able to deliver a few welcome surprises including reforms of the stamp duty system and an increase in the tax-free personal allowance for 2015–16 from £10,000 to £10,600 (instead of £10,500), and likewise a small upwards adjustment in the 40% tax threshold.