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Summer Budget 2015: HM Revenue and Customs

All HM Revenue and Customs (HMRC) tax related documents and other announcements for Summer Budget 2015.

The Chancellor of the Exchequer delivered his Summer Budget to Parliament on 8 July 2015. Full details of all announcements, supporting documents and information are available from the Summer Budget 2015 page.

HMRC Budget related documents and other announcements for Summer Budget 2015 are available below.

Overview of Tax Legislation and Rates (OOTLAR). This document lists the tax policy measures announced at Summer Budget 2015 and shows when they will be legislated. It also includes all of the Tax Information and Impact Notes (TIINs) and the rates tables. 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.

The Summer Finance Bill 2015 will be published on 15 July 2015. You can find supporting and related documents at Summer Finance Bill 2015.

HMRC overview of main Budget announcements

This overview summarises the main new Budget announcements which affect HMRC customers. More information can be found in the main Summer Budget documents.

Tax Information and Impact Notes (TIINs)

The following TIINs have been published and they can also be found in OOTLAR.

  1. 2015 London Anniversary Games

    • Policy paper
  2. Aggregates Levy: reinstatement of exemptions

    • Policy paper
  3. Annual Investment Allowance: permanent increase to £200,000

    • Policy paper
  4. Bank Corporation Tax surcharge

    • Policy paper
  5. Bank Levy: rate reduction

    • Policy paper
  6. Capital gains tax treatment of carried interest

    • Policy paper
  7. Climate Change Levy: removal of exemption for electricity from renewable sources

    • Policy paper
  8. Controlled foreign companies: loss restriction

    • Policy paper
  9. Corporation Tax: extending carried forward loss allowance to savings banks established under the Savings Bank (Scotland) Act 1819

    • Policy paper
  10. Corporation Tax: main rate

    • Policy paper
  11. Corporation Tax: modernisation of the taxation of corporate debt and derivative contracts

    • Policy paper
  12. Corporation Tax: R&D tax credits - universities and charities

    • Policy paper
  13. Corporation Tax: simplifying link company requirements for consortium claims July 2015

    • Policy paper
  14. Disposal of stock other than in trade, and corporate intangibles

    • Policy paper
  15. Income Tax: amendments to tax-advantaged venture capital schemes

    • Policy paper
  16. Income Tax: personal allowance and basic rate limit for 2016 to 2017

    • Policy paper
  17. Income Tax: personal allowance indexation

    • Policy paper
  18. Inheritance Tax: main residence nil-rate band and the existing nil-rate band

    • Policy paper
  19. Inheritance Tax: simplifying charges on trusts and new rules to target avoidance through the use of multiple trusts July 2015

    • Policy paper
  20. Inheritance Tax: changes to interest to support the new digital service

    • Policy paper
  21. Pensions tapered annual allowance

    • Policy paper
  22. Restricting finance cost relief for individual landlords

    • Policy paper
  23. Restriction of corporation tax relief for business goodwill amortisation

    • Policy paper
  24. Restricting tax relief for banks' compensation payments

    • Policy paper
  25. Rent a Room relief increase

    • Policy paper
  26. Simplification of HMRC debtor and creditor interest rate

    • Policy paper
  27. Tackling offshore evasion: requiring financial intermediaries and tax advisers to notify their customers

    • Policy paper
  28. Tax exemption for travel expenses of members of local authorities July 2015

    • Policy paper
  29. Tax lock: Income Tax, National Insurance contributions and VAT

    • Policy paper
  30. Taxation of lump sum death benefits

    • Policy paper
  31. Updating bank definitions

    • Policy paper
  32. Vehicle Excise Duty

    • Policy paper

HMRC and HM Treasury consultation and response to consultation

All of the consultation and discussion documents issued by both HMT and HMRC between Summer Budget and Parliament Summer Recess on 21 July 2015 will appear in the list below.

  1. Simplification of the tax and National Insurance treatment of termination payments

    • Consultation outcome
  2. Tackling the hidden economy: Extension of data-gathering powers

    • Consultation outcome
  3. Consultation: proposal to use a Legislative Reform Order to change partnership legislation on collective investment schemes

    • Consultation outcome
  4. Statistical consultation: possibility of ceasing publication of HMRC's Personal Wealth National Statistics

    • Consultation outcome
  5. Strengthening sanctions for tax avoidance - a consultation on detailed proposals

    • Consultation outcome
  6. Improving large business tax compliance

    • Consultation outcome
  7. Future of the tariff classification helpline

    • Consultation outcome
  8. Withdrawal of extra-statutory concessions

    • Consultation outcome
  9. Replacing Wear and Tear Allowance with Tax Relief for Replacing Furnishings in Let Residential Dwelling-Houses

    • Consultation outcome
  10. Intermediaries Legislation (IR35): discussion document

    • Closed consultation
  11. Non-UK domiciled individuals: consultation on a minimum claim period for the remittance basis charge

    • Consultation outcome
  12. Tackling offshore evasion

    • Consultation outcome
  13. Call for evidence: simplifying the Gift Aid Donor Benefit Rules

    • Closed consultation
  14. The Taxation of Regulatory Capital Securities (Amendment) Regulations 2015

    • Closed consultation
  15. Deduction of income tax from interest: peer-to-peer lending

    • Closed consultation
  16. Deduction of income tax from savings income: implementation of the Personal Savings Allowance

    • Consultation outcome
  17. Review of Deeds of Variation for tax purposes: call for evidence

    • Consultation outcome
  18. Tackling illicit tobacco: From leaf to light

    • Policy paper
  19. Draft legislation: the Enforcement by Deduction from Accounts (Information) Regulations 2015

    • Policy paper
  20. Draft legislation: review of employee benefits and expenses

    • Policy paper
  21. Employment Intermediaries and Tax Relief for Travel and Subsistence

    • Consultation outcome
  22. Income Tax: Extension of averaging period for farmers

    • Consultation outcome
  23. ISA qualifying investments: consultation on including peer-to-peer loans

    • Consultation outcome
  24. ISA qualifying investments: consultation on whether to include investment based crowdfunding

    • Consultation outcome
  25. Strengthening the incentive to save: consultation on pensions tax relief

    • Consultation outcome
  26. Tax-advantaged venture capital schemes: draft legislation and explanatory notes

    • Consultation outcome
  27. Tax Treatment of Income from Sporting Testimonials – Proposals for Legislation

    • Consultation outcome
  28. Taxation of performance linked rewards paid to asset managers

    • Consultation outcome
  29. Discussion paper on options for supporting English regional airports from the impacts of air passenger duty devolution

    • Policy paper

Other HMRC budget documents

Budget measures effective from 8 July 2015

Published 12 June 2015
Last updated 16 July 2015 + show all updates
  1. New consultation document on The Taxation of Regulatory Capital Securities (Amendment) Regulations 2015 added.
  2. Overview of tax legislation and rates and Summer Finance Bill 2015: measures with immediate effect included
  3. HMRC Summer Budget 2015 documents have been added to this page.
  4. First published.