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Autumn Statement 2014: HM Revenue and Customs

All HM Revenue and Customs (HMRC) tax related documents and other announcements for Autumn Statement 2014.

The Chancellor of the Exchequer delivered his Autumn Statement to Parliament on 3 December 2014. Full details of all announcements, supporting documents and information are available from Autumn Statement 2014.

Draft legislation overview documents for the Finance Bill 2015 are available from Finance Bill 2015: draft legislation overview documents.

Overview

Stamp Duty Land Tax

The government announced a major reform to Stamp Duty Land Tax (SDLT) on residential property transactions. From 4 December, each new SDLT rate will only be payable on the portion of the property value which falls within each band (rather than tax being due at one rate on the entire value). The government also set out new rates and rate bands for these transactions. This reform makes SDLT more efficient and fairer, and ensures that SDLT will be cut for 98% of people who pay it.

The New SDLT calculator works out the SDLT you’ll have to pay for residential purchases (including lease premium) using new rules effective from 4 December 2014. It also shows how much SDLT is due under the previous rules and for non-residential purchases.

The legislation, explanatory note and tax information and impact note relating to this reform are available below.

Anti Avoidance and fairness: measures effective from 3 December

  1. Capital Gains Tax: denying Entrepreneurs’ Relief for disposals of goodwill to related companies
  2. Draft legislation: Capital Gains Tax - denying Entrepreneurs’ Relief for disposals of goodwill to related companies
  3. Corporation Tax: bank loss relief restriction
  4. Draft legislation: Corporation Tax - bank loss relief restriction
  5. Restriction on brought forward reliefs in the UK banking sector - technical note
  6. Corporation Tax: high pressure high temperature cluster area allowance
  7. Draft legislation: Corporation Tax - high pressure high temperature cluster area allowance
  8. Corporation Tax: preventing abuse of late paid interest rules
  9. Draft legislation: Corporation Tax - preventing abuse of late paid interest rules
  10. Corporation Tax: restricting relief for internally generated goodwill transfers
  11. Draft legislation: Corporation Tax - restricting relief for internally generated goodwill transfers
  12. Income Tax: miscellaneous loss relief
  13. Draft legislation: Income Tax - miscellaneous loss relief

Supporting small business: making tax easier, quicker and simpler

A further update on how HMRC has improved services for small business through better help and support, delivering new and enhanced digital services and by supporting them to grow.

Published 27 November 2014
Last updated 10 December 2014 + show all updates
  1. Document Supporting small business: making tax easier, quicker and simpler has been added to the collection.
  2. Autumn Statement 2014 documents have been added to the collection.
  3. First published.