Autumn Statement 2014 – the key tax announcements

Date

Dec 05, 2014

Categories

Budget & Autumn Statement Tax

The Chancellor of the Exchequer pulled out a few surprises in his Autumn Statement. The most eye-catching is the reform of stamp duty land tax (SDLT), which is payable by purchasers of land and property. The changes should reduce the SDLT payable on 98% of transactions which complete from 4 December 2014 onwards.

Small businesses should be pleased with the £1,500 business rate discount for small high street shops, cafes, pubs and restaurants. All employers will benefit from the zero rate of employers’ national insurance for workers aged under 21, which is to be extended to apprentices aged under 25 from April 2016.

To read the full details of all the key tax announcements made by George Osborne, download our special edition tax newsletter covering the Autumn Statement.

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