A summary of the key business tax announcements made in the Chancellor’s Autumn Statement on 25 November 2015

Autumn Statement 2015 Newsletter Image V2 (1)

The Chancellor of the Exchequer, George Osborne, gave his first Autumn Statement of the all Conservative government alongside the Spending Review. There was rather more Spending Review than Autumn Statement, but a few significant tax announcements snuck in, including:

  • A surcharge of 3% on SDLT payable on buy-to-let and additional homes
  • Confirmation that the government is pressing ahead with proposals for enhancing large business compliance, including publishing tax strategies, and
  • Details on the new apprenticeship levy, which will apply to large businesses at 0.5% of their wage bills and will raise a significant amount of revenue – an extension of employer NICs under another name?

While much of the detail will have to wait until the draft legislation is published on 9 December, all the info you need for now can be found at the link below.

Download your copy of the full report here [PDF].

 

Filed Under: Autumn Statement

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