Personal tax regime experiences shake up in the Budget

Personal tax regime experiences shake up in the Budget

 The Chancellor used his latest Budget announcement to deliver a raft of changes to the personal tax regime. George Osborne said that his latest Budget would be a statement for the next generation and he delivered on this promise by introducing a new Lifetime ISA. The announcement of a Lifetime ISA could prove a boon for savers aged 18-40 and will see the government contribute Read more…

Government seeks out tax-efficient remuneration

Government seeks out tax-efficient remuneration

The move to tax loans to participators at a higher rate was not announced by the Chancellor in his main speech to Parliament. However, further investigation of the Budget documents has revealed that from this month, the rate of tax payable by a company on any balances lent to an individual participator or related unincorporated business will increase from 25 per cent to 32.5 per Read more…

Budget 2016

Budget 2016

Introduction On 16th March 2016, the Chancellor George Osborne stepped up to the despatch box to deliver his eighth Budget. This was arguably one of the most challenging speeches he has had to deliver since he took charge of the Treasury almost six years ago, made in the shadow of economic uncertainty and an imminent referendum on Britain’s EU membership. Last autumn, Mr Osborne was Read more…