Personal allowances for non-residents To ensure the UK personal allowance remains well targeted, the government intends to consult on whether and how the allowance could be restricted to UK residents and those living overseas who have strong economic connections in the UK, as is the case in many other countries, including most of the EU. Capital Gains Tax (CGT): non-residents and UK residential property As announced in Autumn Statement 2013, legislation will be introduced to charge CGT on future gains made by non-residents disposing of UK residential property. A consultation on how best to produce the charge will be published shortly after Budget. These changes will have effect from April 2015. Legislation will be detailed in the Finance Bill 2015. Tax-Free Childcare As previously announced this week, the government has just published their consultation response to the design and operation of the new Tax-Free Childcare scheme due to launch in autumn 2015. This was highlighted again in the budget due to one of the changes being an increase in tax-free childcare costs from £1,200 to £2,000 per child per year. CIPP comment The CIPP are extremely pleased that the government has removed an additional burden by allowing eligibility for all children up the age of 12 from the outset, rather than looking to implement a staggered approach.
You can read more detail on the consultation response through the CIPP news pages .
Budget 2015
Budget speech on Wednesday 18 March 2015
8 January 2015
Chancellor George Osborne will deliver his last Budget of the Parliament on 18 March 2015. The CIPP Policy Team will publish an outline of the Budget, highlighting the implications for payroll and pensions, later in the day.
CIPP Budget 2015 summary
18 March 2015
The CIPP policy team has produced a summary of the key items that will impact on payroll and general business activity from the Chancellor’s Budget Statement.
Follow the links in the news item below to download the Budget summary in either word or PDF format.
CIPP Budget 2015 summary
Child Maintenance Reform
New ‘business banking’ service for child maintenance to benefit 40,000 employers
CIPP Policy News Journal
08/04/2015, Page 41 of 521
Made with FlippingBook - Online magazine maker