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Autumn Statement 2014

Press releases

View Deloitte's comments on the measures the Chancellor announced in his Autumn Statement.

From 12pm on the day of the Autumn Statement, please call the dedicated Deloitte Press Hotline on 020 7007 3333, where you will be directly connected to one of our spokespeople.

 

Autumn Statement: Boost in tax relief for SME research and development

Sally Jones, Director at Deloitte comments on increases in tax relief for research and development costs.

 

Alternative lenders boost from Autumn Statement

Fenton Burgin, Head of UK Debt Advisory at Deloitte, comments on today’s moves to support alternative lenders.

 

Autumn Statement: The final piece in the new homes jigsaw

John Adams, head of planning at Deloitte Real Estate, comments on the direct commissioning of new homes announced in today’s Autumn Statement.

 

Autumn Statement: Tax relief for children under 12 takes off

The Chancellor announced an exemption from Air Passenger Duty for passengers under 12 years of age.

 

Autumn Statement: Changes to the Annual tax on enveloped dwellings

Patricia Mock, a tax director in the private client services practice at Deloitte comments on the changes to the annual tax on enveloped dwellings.

 

Autumn Statement: Fleet of measures for car industry

The Chancellor announced in today’s Autumn Statement a number of measures to support the future of cars, including investments in ultra-low emission and driverless vehicles.

 

Autumn Statement: Non-UK domiciled individuals must reconsider remittance basis charge

Patricia Mock, a tax director in the private client services practice at Deloitte comments on how non-UK domiciled individuals must reconsider the remittance basis charge "tipping point".

 

Autumn Statement: Peer to peer lending

From April 2015, individuals lending through peer to peer platforms will be able to offset losses from bad debts against other peer to peer income.

 

Autumn Statement: Single portal for private sector debt collection

Mike Turley, head of public sector at Deloitte, comments on a single portal for public sector debt collection.

 

Autumn Statement: HMRC announces review of umbrella companies

Mark Groom, tax partner at Deloitte, comments on the government’s proposal to review the use of overarching contracts by umbrella companies.

 

Autumn Statement: Housing supply matters

James Pargeter, head of residential projects at Deloitte Real Estate, comments on the housing and infrastructure announcements in the Chancellor’s Autumn Statement.

 

Autumn Statement: Simplified tax on trusts, increased ISAs and partner-friendly pensions

Patricia Mock advises on the keys changes regarding ISAs, pensions, and inheritance tax.

 

Autumn Statement: Shale fund demonstrates Goverment's desire to win over public

Roman Webber, partner and head of tax for energy and resources at Deloitte comments on the Chancellor’s proposals for the UK shale industry.

 

Autumn Statement: Getting British exports back on track

Fiona Tait, director of Deloitte UK’s international markets group, says:  “These announcements will help to boost and re-energise the Government’s focus on helping British businesses to export and meet its ambitious target to increase exports to £1trn by 2020.

 

Autumn Statement: Recession may be over, but more pain ahead

Ian Stewart, Chief Economist at Deloitte comments:'The recession may be over, but much of the pain of deficit-reduction still lies ahead.'

 

Autumn Statement: Banks' deferred tax assets come under the spotlight

Banks will only be allowed to shelter half of their profits from tax by using brought forward losses, from 1 April 2015.

 

Overnight change to stamp duty land tax, an overall review of Autumn Statement

Bill Dodwell, Deloitte’s head of tax policy said: “Autumn Statement 2014 will be remembered for the overnight change to stamp duty land tax."

 

Autumn Statement: Government and high end residential to pay the price for stamp duty savings

The changes to remove the ‘pinch points’, which previously saw houses prices bunching at, or under, each stamp duty land tax (SDLT) rate increase, is welcomed.

 

Autumn Statement: Personal allowance, savings rates and national insurance limits – all on the up

The increase in personal allowance from £10,000 to £10,600 rather than the expected £10,500 will be welcome. 

 

Autumn Statement: All review and no action for business rates

James Thompson, head of business rates at Deloitte Real Estate, comments on the announcement of the timetable for the review of the future structure of business rates.

 

Autumn Statement: Change for Charities

Ben Powell, head of public sector tax at Deloitte comments on the VAT relief for on hospices and search and rescue operations.

 

Autumn Statement: Chancellor’s oil and gas measures are a welcome but small step in right direction

Roman Webber, partner and head of tax for energy and resources at Deloitte, comments on the Chancellor’s proposals for the UK oil & gas industry.

 

Autumn Statement: P11D £8,500 earnings threshold to be removed

Mark Groom, tax partner at Deloitte, comments on today’s confirmation from the government that the £8,500 P11D earnings threshold will be removed from 6 April 2015.  

 

Autumn Statement: HMRC targets abusive travel schemes

Mark Groom, tax partner at Deloitte, comments on the Government’s proposal to remove tax relief on business expenses when claimed in conjunction with salary sacrifice schemes.

 

Autumn Statement: Mr Tumble’s Tax Rate Crumbles

Deloitte welcomes tax relief for orchestral performances and children’s television production

 

Autumn Statement: green light for road investment

Simon Dixon, transport partner, comments on the detail of a £15bn package of road investment announced ahead of Wednesday’s Autumn Statement.

 

Autumn Statement prediction: Could a Whitehall efficiency programme be the big surprise?

Mike Turley, head of public sector comments.

 

Deloitte preview of Autumn Statement 2014

Bill Dodwell, head of tax policy at Deloitte, considers what tax measures the Chancellor is expected to focus upon in the Autumn Statement on 3rd December.

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