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Issue:
4451
/
Categories:
Comment & Analysis
, Finance Bill 2014
, Admin
, Budget/Finance Act
, Capital Gains
, Income Tax
The first Finance (No. 2) Bill 2014 committee meetings maintained the usual low standard
KEY POINTS
- The government’s aims for the latest Finance Bill.
- The basic rate limit and personal allowance for taxpayers born after 5 April 1938 for 2015/16.
- Directors’ remuneration personal allowances and the NIC employment allowance.
- The income tax starting rate and band from April 2015.
- The basis of indexation of allowances and limits moves to the consumer prices index.
It’s that time of the year again. At 9.10am on Tuesday 29 April the Public Bill Committee began its consideration of Finance (No 2) Bill 2014.
No you haven’t missed a Finance (No 1) Bill 2014; it’s “number two” because it is the second Finance Bill of the current parliamentary session.
However following royal assent it will become the Finance Act 2014 rather than the...
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