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The Second Budget 2015

George Osborne presented the frst Budget of this Parliament on Wednesday 8 July 2015. The speech set out his plans for the next fve years ‘to keep moving us from a low wage, high tax, high welfare economy; to the higher wage, lower welfare country we intend to create’.

Main Budget tax proposals

New taxation system for dividend receipts for individuals.
Proposals to restrict interest relief for ‘buy to let’ landlords.
Extension to the inheritance tax nil rate band available.

Other tax changes

An announcement of the amount of the Annual Investment Allowance available to businesses from January 2016.
Removal of the tax relief available on the acquisition of goodwill and customer related intangibles.
An increase in the amount of the NIC Employment Allowance.

Read and download the full report.

How can we help?

We are a proactive firm of accountants who can assist you in all your financial needs in a friendly, efficient and professional manner.

Building partnerships, listening to your needs, and implementing a solid financial strategy is the backbone of our practice.

Why work with us?

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