George Osborne Archives | Taxfile

Tax Credit Cuts Blocked by the House of Lords

Mark — Tue, 03 Nov 2015 18:08:31 +0000

In an almost unprecedented move, the House of Lords has backed a motion asking the government to revise its proposed tax credit cuts. This is the first time in 100 years that the lords have voted down a financial package and this is an embarrassing blow to George Osborne. The Chancellor has been asked to […]

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Summer Budget 2015 – Key Tax Takeaways

Mark — Fri, 17 Jul 2015 11:46:54 +0000

The Summer Budget was announced last week and in this blog post we’ll take a look at only those changes which will affect ordinary taxpayers and SMEs. In his opening remarks, the Chancellor of the Exchequer, George Osborne, promised: A Budget … to keep moving us from a low wage, high tax, high welfare economy; […]

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Highlights from the Chancellor’s Budget, 18 March 2015

Mark — Thu, 19 Mar 2015 15:51:20 +0000

Along with some encouraging news about the UK economy, some interesting new measures were announced in the Chancellor’s Budget yesterday and below we highlight those which we feel will directly impact the majority of UK taxpayers: As widely forecast, the tax-free allowance will increase. The amount people can earn before paying tax will rise to […]

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How the Chancellor’s 2014 Autumn Statement affects YOU!

Mark — Fri, 05 Dec 2014 14:18:22 +0000

George Osborne, the Chancellor of the Exchequer, announced his Autumn Statement on Wednesday (3 Dec 2014) in what could be seen as a mini budget. Here we focus on the key announcements, concentrating on those relating purely to taxation, as it is those which affect you, our customers, most directly. 1). First some good news: […]

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Infographic: Stamp Duty Changes: Good News for Most!

Mark — Fri, 05 Dec 2014 08:15:15 +0000

In what, for most of us, is very welcome news, the Chancellor announced a significant tidy-up of Stamp Duty in his Autumn Statement yesterday. The changes will mean that 98% of those who pay Stamp Duty will save money — and potentially a significant amount. We believe that this is a fairer system, with the […]

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Record haul by HMRC in tax avoidance crackdown

Mark — Fri, 11 Jul 2014 15:47:24 +0000

Back in January we reported that HMRC had raised an extra £20.7 billion in additional revenue for the financial year 2012-13 as a result of it’s drive on tax compliance and a massive crackdown on tax avoidance by organisations and individuals alike. Now we can confirm that the financial year 2013-14 figures are in and […]

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The Chancellor’s Budget, March 2014

Mark — Thu, 20 Mar 2014 15:04:45 +0000

The Chancellor, George Osborne, has now presented his March 2014 Budget to Parliament. There was lots of talk about the economy, growth forecasts, supporting UK businesses and employment – as well as some obvious political spin bearing in mind the European and General Elections are just around the corner – however we thought we’d concentrate […]

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