Summer Budget 2015

Highlights

  • Income tax personal allowance to rise to £11,000 in April 2016
  • New National Living Wage from April 2016
  • Future cut in Corporation tax to 18%
  • Annual Investment Allowance set to £200,000 from Jan 2016
  • Permanent non-dom status abolished from April 2017
  • Employment Allowance increased to £3,000 from April 2016
  • Pension tax relief annual allowance to be reduced from next year

Summer Budget 2015 Summary

The Chancellor’s Summer Budget 2015 contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, we have put together a Budget Summary PDF which contains the latest tax and financial information, which we trust you will find useful.

There is also a handy Tax Data Card for 2015/16, giving details of all the allowances and limits you’ll need to know. You can download both the PDFs for free via the links below:

Summer Budget 2015

Our summary goes into more detail on all of the points raised in the budget, aimed to give you a clearer picture of the announcements and how the changes will affect you and your business. however, as always, if there is anything you would like to discuss, please do not hesitate to contact us on 01872 271655 or via email at enquiries@kelsallsteele.co.uk