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Budget 2015

Global Tax Update:April 2015/United Kingdom

The Chancellor announced his final Budget of this Parliament on 18 March 2015. The Chancellor had the advantage of making the announcement off the back of a range of positive economic indicators – record low inflation, record high employment numbers, and very strong growth forecasts. However, this has to be balanced against a national deficit that has fallen slower than expected, and at the heart of this Budget was a renewed focus on eradicating this deficit. (Global Tax Update:April 2015/United Kingdom)

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There will be a General Election on 7 May 2015, and in advance of that the Chancellor’s emphasis in this Budget was on the importance of responsible borrowing against the backdrop of the deficit. That said, there were a range of smaller personal tax measures that, taken together, could be seen as an attempt to appeal to the electorate.

This newsletter explains following topics;

  • Business Tax
  • Anti-avoidance
  • Compliance

 

>> Click for Japanese [2015年度英国予算案]

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