This paper discusses the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement. It looks at how this procedure may be affected by the timing of a General Election, and the decision in 2017 to move the Budget from the Spring to the Autumn. It also provides some suggestions for further reading.
Documents to download
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Direct taxes: rates and allowances 2015/16 (458 KB, PDF)
This paper sets out the main changes to direct tax rates and allowances announced in the Budget on 18 March 2015. It lists the principal personal allowances which will be available against income tax in the tax year 2015/16, and it outlines the conditions necessary for eligibility for these allowances. The paper provides a summary of the general tax position in straightforward cases only. It should be noted that it deals just with tax allowances. No reference is made to cash benefits provided under the social security system, or to child tax credit and working tax credit.
Documents to download
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Direct taxes: rates and allowances 2015/16 (458 KB, PDF)
Related posts
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This note lists a series of key documents on taxation.
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This note gives a short introduction to the way VAT works, and the significance of EU VAT law for setting VAT rates, before discussing the campaign for a lower VAT rate on tourist services and the Government's introduction of a temporary 5% rate in July 2020.