Collection

Budget 2014: HM Revenue and Customs

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

The Chancellor of the Exchequer delivered his Budget to Parliament on 19 March 2014. Full details of all announcements, supporting documents and information are available from the Budget 2014 page, including Budget documents published by HM Treasury.

Overview of Tax Legislation and Rates (OOTLAR) (PDF 2.93MB). This document sets out the detail of each tax policy measure announced at Budget 2014. It is intended for tax practitioners and others with an interest in tax policy changes, especially those who will be involved in consultations both on the policy and on draft legislation.

Finance Bill 2014 measures announced at Budget 2014 which have effect in March 2014.

The Finance Bill 2014 will be published on 27 March 2014. You can find supporting and related documents at Finance Bill 2014.

Overview

Personal tax

  1. Capital Gains Business Asset Rollover Relief
  2. Glasgow Grand Prix
  3. Income Tax personal allowance for those born after 5 April 1948 and basic rate limit for 2015 to 2016
  4. Increasing pension flexibility
  5. Inheritance Tax: liabilities and foreign currency bank accounts
  6. Major sporting events: power to provide for tax exemptions
  7. New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors
  8. New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors: guidance
  9. Pensions liberation
  10. Pensions Liberation: guidance note
  11. The starting rate of tax for savings
  12. The starting rate of tax for savings: guidance
  13. Transferable tax allowances for married couples and civil partners

Corporate tax

  1. Abolition of Stamp Duty Reserve Tax for collective investment schemes
  2. Annual investment allowance: increase to £500,000 for extended temporary period
  3. Business Premises Renovation Allowance
  4. Capital Allowances regime: Mineral Extraction Allowance
  5. Capital Gains Business Asset Rollover Relief
  6. Chargeable gains rollover relief: reinvestment in intangible fixed assets
  7. Enterprise Zones: enhanced capital allowances
  8. Making the Seed Enterprise Investment Scheme and the Capital Gains Tax reinvestment relief permanent
  9. Modernising the taxation of corporate debt and derivative contracts: update
  10. Small and medium sized enterprises Research and Development Tax Relief
  11. Targeted anti-avoidance loss buying rules: exclusion of research and development allowances

Anti-avoidance, fairness and planning

Property and indirect tax

  1. Aggregates Levy: suspension of exemptions 2014
  2. Aggregates Levy: suspension of exemptions interim guidance - Budget 2014
  3. Air Passenger Duty: banding reform
  4. Bingo Duty: reduction in the rate
  5. Climate Change Levy: exemptions for energy used in metallurgical and mineralogical processes
  6. Exemptions from climate change levy for mineralogical and metallurgical processes guidance
  7. Guidance on the abolition of the Schedule 19 Stamp Duty Reserve Tax charge
  8. Landfill Community Fund
  9. Taxation of high value UK residential property held by certain non-natural persons
  10. Tobacco duty rates
  11. VAT: prompt payment discounts
  12. VAT: reverse charge for gas and electricity
  13. Vehicle excise duty: 40 year rolling exemption for classic vehicles

Tax administration and secondary legislation

Published 14 March 2014
Last updated 27 March 2014 + show all updates
  1. Landfill Community Fund guide added to the collection.
  2. Link added to the Finance Bill 2014 measures announced at Budget 2014.
  3. All HMRC tax related documents and other announcements for Budget 2014 are now included in this collection.
  4. First published.