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Budget/Finance Bill 2015

George Osborne’s sixth Budget speech took place on 18 March 2015. There seemed to be few new or exciting announcements, which is perhaps to be expected given the imminent election and the Chancellor may want to keep some powder dry for a subsequent Budget, should the Conservatives remain in office.

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Budget/Finance Bill 2014

George Osborne’s fifth Budget speech took place on 19 March 2014. As with all Budgets in recent times there has already been much media coverage of the speech and various announcements made. In addition, much of the Finance Bill content was released for consultation in December 2013 and some of the Budget content has been “leaked” over recent weeks, although this year there were certainly some surprises.

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UNIVERSAL TAX CREDITS

Over the next few years the Universal Tax Credit system will gradually replace a number of current welfare benefits, in particular Working and Child Tax Credits, Unemployment and Housing Benefits.

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Budget/Finance Bill 2013

As you will be aware, George Osborne’s fourth Budget speech took place on 20 March 2013. As with all Budgets in recent times there has already been much media coverage of the speech itself. In addition, much of the Finance Bill content was released for consultation in December 2012 and some of the Budget content was announced/leaked over recent weeks. As a result there were few real surprises on Budget day and the headline grabbing announcements have already received much publicity.

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PAYROLL CHANGES – Real Time Information (RTI)

As you may be aware HMRC are introducing major changes in the way PAYE information is reported to them. The Real Time Information procedures mark the biggest change in the Payroll and PAYE system since the commencement of PAYE some 67 years ago.

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Budget 2012

George Osborne’s third Budget speech took place on 21 March 2012. As with all Budgets in recent times, there has already been much media coverage of the speech itself. In addition, much of the Finance Bill content was released for consultation in December 2011 and much of the Budget content was announced/leaked over recent weeks. As a result there were few real surprises on Budget day and the headline grabbing announcements have already received much publicity.

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