The following Tax practice note provides comprehensive and up to date legal information covering:
ARCHIVED: This Practice Note has been archived and is not maintained.
This Practice Note draws together analysis on the key milestones of the 2014/15 Budget and Finance Bill process. It includes commentary on Summer Budget 2015, Budget 2015 and Autumn Statement 2014, analysis of the provisions of Finance Bill 2015, Finance Act 2015 and Summer Finance Bill 2015.
For a detailed explanation of the annual Budget and Finance Bill process, including the procedural aspects of the passing of a Finance Act, see: The Budget and Finance Bill process. For more information on the implications of a general election on the Finance Bill process, see our News Analysis: What does the general election mean for the Finance Bill process?
The Finance (No 2) Act 2015 received Royal Assent on 18 November 2015.
The Summer Finance Bill 2015 was published on 15 July 2015.
For a summary of the progression of SFB 2015 through Parliament, see Practice Note: Finance (No 2) Act 2015—progress through Parliament.
Lexis®PSL Tax has gathered the following expert analysis on the most significant measures from Summer Finance Bill 2015:
Summer Finance Bill—Direct recovery of tax debts
Summer Finance Bill—restricting relief for goodwill
Summer Finance Bill—high earners and the annual allowance
Summer Finance Bill—lump sum death benefits
Summer Finance Bill—banking taxation, and
Summer Finance Bill—relief for finance costs related to residential property businesses
George Osborne, Chancellor
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international perspective and includes some comparative examples from other
What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or otherwise.Examples include the situation where the insured takes the benefit of other insurance arranged by another party or where, in the commercial world, risk
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.