Budget 2015 - views, analysis and key business tax announcements

Pile of coins Budget 2015The Chancellor has given his last Budget of this government on 18 March 2015.

In response, our LexisPSL Tax team has prepared two reports to provide market views, analysis and a single source for all critical business tax announcements.

Key business tax announcements report

The first report is both a summary of the most important business tax announcements together with an  analysis of what these means with links to relevant external sources (including the HMRC website), and further practical guidance in LexisPSL Tax.

Key announcements that were new for the Budget 2015 include:

  • Immediately effective provisions to prevent corporation tax loss refresh planning
  • Further restrictions on the availability of entrepreneurs’ relief (ER)
  • Implementation of the OECD’s common reporting standard
  • An increase in the bank levy rate to 0.21% from 1 April 2015
  • Proposed restrictions on deductibility of compensation payments made by banks

Click here to download the LexisPSL Tax Analysis: Key business tax announcements report (PDF)


Budget 2015 - views from the market report

In the second report, our team sought the views of the Lexis®PSL Tax Consulting Editorial Board (CEB) and other leading tax practitioners on the key highlights of Budget 2015.

Click here to download the Budget 2015- views from the market report (PDF)






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