Critchleys BUDGET LIVE

The Oxford Accountant

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Critchleys is a chartered accountancy, financial planning and human resource consultancy firm. We pride ourselves on delivering the most up-to-date coverage of the UK Budget announcement. Follow our Budget Live passle to gain insight into the Chancellors speech by our team of experts which comprises of in-house expertise complimented by Hedges Law and Clareon.

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Critchleys BUDGET LIVE Archive

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Inheritance Tax Threshold

Nothing said about the Tories ambition to raise the IHT threshold to £1M.

Guess we will have to wait a little longer!

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Fuel Duty Frozen

This is a real good news story for general public and business owners alike.

For businesses, any rise in fuel duty comes straight...

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Osbourne attempted...

...but we make the difference. Whatever age you may be, whether you consider yourself rich or poor, and wherever you may be, here at...

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What is £1,476,277,219,179?

It's the Government debt. Ouch! Who'd be Chancellor...?

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Is £1m enough?

Is a pension fund of £1m enough to provide a decent pension?

Chancellor reduces the lifetime pension allowance to £1m from £1.25m,...

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New Help to Buy ISA Rules

The help to buy ISA is great news for those saving to buy their first home - effectively a 20% return on your cash.

Allowable ISA...

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2015 Budget Live @ Critchleys

Here's the Clareon and Critchleys team live blogging during the Chancellor's 2015 Budget Speech...

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So...

...is this Budget for keeps or not? Milliband's response is that it is a Budget that cannot be believed.

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Deeds of Variation

If they change the rules on such deeds of variation, will they just end up taxing people who do not keep their wills up to date?

...

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Death of the Tax Return

An attempt by government to make filing Tax Returns simpler and quicker for small business owners.

There will be a lot of worried...

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The great pint giveaway!

Everyone gets excited about the reduction in alcohol duty on a pint of beer and I can see why...

Buy a pint a day, every day, for a...

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Low corporation tax

A single new CT rate of 20% But when will the tax be collected? Large companies pay in advance. Is this a stealth move towards this for...

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No more tax returns!

Not quite as exciting as this sounds however - we will all have to embrace the online world (with our new high speed broadband).

Not...

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National Insurance

No NI for employees under 21? I want to see how that works before I believe it.

And no Class 2 for self employed - a saving of £100!!

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CT cut

Welcome news for the SMEs

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Latest key points:

Automotive industry to receive £100m in investment in the race to driverless technology. :: South West to receive £7bn in transport...…

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Charities #budget2015

More WIFI in public libraries - many of which have been spun out from local authorities into Charities or Charitable Incorporated...

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Business Rates

Business rates are a massive hindrance to small businesses.

I'm not sure giving 100% of any extra revenue to the councils is going...

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Orchestras #budget2015

I'm not sure why orchestras are being singled out for this tax relief but its one to keep an eye on

Corporation Tax: orchestra tax relief – The government will provide tax relief to orchestras at a rate of 25% on qualifying expenditure...…

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On line

Tax credits increased for gaming and film and culture...and investment in the 'internet of things' to control 2 kitchens from their...

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Key point latest

New investment in transport and regeneration across London, and funding to address acute housing shortages in the capital.

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Tax avoidance

But with the daily reduction in high level Inspectors at HMRC who will chase this £3.1 billion in tax revenue?

Tax avoidance crackdown to raise £3.1bn Osborne announces various measures on tax avoidance and tax evasion. £3.1bn to be raised from...…

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Hear, hear...

...to support for our military. But what about the reduction in our armed forces numbers?

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Latest key points

Bank levy increased to 0.21%, raising an additional £900m a year. :: Charities for British servicemen and women to receive £75m in...…

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Cuts!

Does the population appreciate that there are a lot more cuts to come...?

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Changes to Entrepreneurs Relief

Changes to Entrepreneurs Relief to make sure only those selling genuine stakes in businesses claim relief. Not yet clear what this...

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Export anyone?

The Chancellor has announced increased support for the UKTI - with particular focus on export to China.

It would be good to know how...

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Deeds of Variation

...to go????????????? Did I hear right?

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Looks like...

...new legislation coming on tax avoidance and evasion. Hedges and Critchley's are going to be busy advising

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Latest...

Squeeze on public spending to end a year earlier than planned, so 2019/20 spending grows in line with the growth of the economy -...…

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Key points so far...

: Sale of £13bn of mortgage assets held by the Government after the bailout of Northern Rock and Bradford & Bingley is going to be...…

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Key points so far:

:: Farmers will be allowed to average their incomes for tax purposes over five years. :: OBR revises 2015 inflation forecast down to...…

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Help for farmers?

Good news for farmers with the new 5 year averaging election. But will this be offset by the impacts of the new accountancy rules in...

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Key points so far:

:: Unemployment set to fall by 0.1% from 5.4% to 5.3%. :: National Minimum Wage to be at least £8 by the end of the decade - and will...…

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Key points so far...

:: Growth forecast for 2015 revised up by 0.1% to 2.5%, up 0.1% for 2016 to 2.3%, and down 0.1% for 2017 to 2.3%.

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Key points so far:

:: The Office for Budget Responsibility says Britain's economy grew by 2.6% last year.

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1000 jobs a day...

More than the rest of the EU combined...

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£££££££

Do we really feel better off as the Chancellor maintains?

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Good News for Farmers!

Farmers to be allowed to average their income over 5 years to smooth out volatility of crop prices.

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For sale...

...various national assets. What's he going to do with that money then?

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Getting Britain back to work

This is definitely the case in Oxfordshire, where the job market is really bouyant.

Critchleys are planning on recruiting 4...

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Increase to minimum wage

Osborne says he can afford increases to the minimum wages - of course it's small businesses that will bear the burden of this cost.

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£££££££

Are we feeling better off? Historic debts are paid off but GB's are still with us!!

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Bingo!!!!!!!!!!!!!

...Long term economic plan - score 1!!!!!!!!!!!!!!!!!!!

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Growing...

...creating jobs and paying its way. Living standards higher than 5 years ago and choosing to look to the future. Come on George,...

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Mansion tax by another name...

Strong rumour that Osborne will impose some form of capital gains tax on primary homes worth over £2m. Big big move - if true.

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Full house...

...as we keenly await the Budget. Looks like the economic plan is set to feature heavily.

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1/2m start-ups this year...

...will the Chancellor do anything to help more to start their own business? Less taxes and more sales needed...

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Anyone for Budget Bingo?

The favourite seems to be 'Long term economic plan'...which I've just learned is apparently officially a Government slogan.

Wonder...

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An attempt to attract Scottish votes?

Will the chancellor reduce charges on North Sea energy votes to attract floating Scottish voters?

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7 questions for George

Our national budget is complex - budget announcements seem to apply to everyone and no one all at the same time. As a business owner...

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Budget Live

Follow our Budget Live Passle for a live feed of comments on the 2015 Budget announcement from our experts plus legal insights from...

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FATCA

Some sense out of this US nonsense at last!!

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Budget seminar

19 March Said Business School. Be there?

Critchleys annual post-Budget seminar is held the morning after the UK Budget announcement. We provide a summary of the tax, VAT and...…

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