The extent of pension reform announced in the Budget caught most people out, but raises important questions for tax advisers and savers, says Sara White
Government reforms to the ISA savings regime will see the introduction of the New ISA (NISA) for up to £15,000 of tax-free savings which will be a simpler product with equal limits for cash and stocks and shares, and the flexibility to switch between both options for the first time
The Chancellor has confirmed that the government is planning to introduce a Wales Bill that will devolve new tax and borrowing powers to Wales, with details due to be announced today
In the run-up to the vote on Scottish independence, the chancellor set out measures to incorporate upcoming changes to legislate for new powers for the Scottish government to raise income tax.
In a move which will net many more than just the oligarchs of Belgravia, the government has announced a reduction in the SDLT threshold to £500,000 for property buyers who buy properties using corporate enveloping to avoid paying stamp duty land tax (SDLT)
The issue of tax on international sports stars may become easier in future as the chancellor announced that the government will allow exemptions on income and corporation tax relief to be pushed through using secondary legislation, rather than the current system
As was widely expected, the Chancellor has announced an increase in the personal tax allowance to £10,500 in 2015-16, but has stopped short of making radical changes to the thresholds for higher rates of tax
The chancellor should deliver a radical Budget to underline the coalition’s economic policy and drive growth as this is the last meaningful Budget before the next general election, according to Richard Rose, tax partner at BDO
The government has ruled out any plans to defer the imminent changes to the LLP tax rules, despite calls by the House of Lords to delay implementation until 2015
Plans to reform the taxation of LLPs will hit law firms hard as they consider whether to call for an injection of partner equity, reports Rachel Fielding
As part of the move to clamp down on tax evasion by individuals, the EU is set to adopt a revised Savings Tax Directive in the next few weeks, which will increase tax transparency across member states by mandating the automatic exchange of information
HMRC has published revised draft Finance Bill 2014 legislation and a revised explanatory note about salaried members as well as a related Tax Information and Impact Note (TIIN)
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