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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
- Capital Gains Business Asset Rollover Relief
- Glasgow Grand Prix
- Income Tax personal allowance for those born after 5 April 1948 and basic rate limit for 2015 to 2016
- Increasing pension flexibility
- Inheritance Tax: liabilities and foreign currency bank accounts
- Major sporting events: power to provide for tax exemptions
- New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors
- New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors: guidance
- Pensions liberation
- Pensions Liberation: guidance note
- The starting rate of tax for savings
- The starting rate of tax for savings: guidance
- Transferable tax allowances for married couples and civil partners
Corporate tax
- Abolition of Stamp Duty Reserve Tax for collective investment schemes
- Annual investment allowance: increase to £500,000 for extended temporary period
- Business Premises Renovation Allowance
- Capital Allowances regime: Mineral Extraction Allowance
- Capital Gains Business Asset Rollover Relief
- Chargeable gains rollover relief: reinvestment in intangible fixed assets
- Enterprise Zones: enhanced capital allowances
- Making the Seed Enterprise Investment Scheme and the Capital Gains Tax reinvestment relief permanent
- Modernising the taxation of corporate debt and derivative contracts: update
- Small and medium sized enterprises Research and Development Tax Relief
- Targeted anti-avoidance loss buying rules: exclusion of research and development allowances
Anti-avoidance, fairness and planning
- Accelerated payments of tax for avoidance schemes
- Artificial use of dual contracts by non-domiciles
- Avoidance schemes involving the transfer of profits
- Avoidance schemes: relevant judicial ruling - notice to settle dispute
- Guidance on avoidance schemes involving the transfer of corporate profits
- Tackling aggressive tax planning in the global economy: UK priorities for the G20-OECD project for countering Base Erosion and Profit Shifting
- Venture Capital Trusts return of capital
Property and indirect tax
- Aggregates Levy: suspension of exemptions 2014
- Aggregates Levy: suspension of exemptions interim guidance - Budget 2014
- Air Passenger Duty: banding reform
- Bingo Duty: reduction in the rate
- Climate Change Levy: exemptions for energy used in metallurgical and mineralogical processes
- Exemptions from climate change levy for mineralogical and metallurgical processes guidance
- Guidance on the abolition of the Schedule 19 Stamp Duty Reserve Tax charge
- Landfill Community Fund
- Taxation of high value UK residential property held by certain non-natural persons
- Tobacco duty rates
- VAT: prompt payment discounts
- VAT: reverse charge for gas and electricity
- Vehicle excise duty: 40 year rolling exemption for classic vehicles
Tax administration and secondary legislation
- Carbon price floor: reform
- Enhanced capital allowances schemes for energy saving and water efficient technologies
- Legislative changes from the introduction of the Scottish Rate of Income Tax
- New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors
- New ISA, Junior ISA and Child Trust Fund: increasing the flexibility for savers and investors: guidance
Published 14 March 2014
Last updated 27 March 2014 + show all updates
Last updated 27 March 2014 + show all updates
- Landfill Community Fund guide added to the collection.
- Link added to the Finance Bill 2014 measures announced at Budget 2014.
- All HMRC tax related documents and other announcements for Budget 2014 are now included in this collection.
- First published.