Measures set to take effect from 3 December 2014 the date of the autumn statement were listed separately on the Treasury website and set out in a written ministerial statement.
Tina Riches national tax partner at Smith & Williamson said the chancellor had ‘grasped opportunities for populist giveaways’ through for example changes to SDLT and the rules surrounding inheritance of ISAs and pensions backed up by ‘an ever-sharper focus on eliminating perceived tax avoidance and non-compliance’.
Andrew Roycroft senior associate at the law firm Norton Rose Fullbright wondered how many of the tax announcements would make next year’s first Finance Act rather than being left for the next Parliament. The new ‘diverted profits tax’ was eye-catching pre-empting the BEPS project. ‘It will be interesting to see how the...
