Northern Ireland / All

The first majority Conservative budget in almost 20 years gave the government an opportunity to promote its economic direction of travel.

With the general election less than two months away, George Osborne’s final Budget of this Parliament was an opportunity to carry out a retrospective of the last five years as well as trailing his Party’s proposed economic and fiscal policies should they be returned to Government.

The UK government published and is set to put into legislation a new tax entitled the ‘Diverted Profits Tax’.

Summary & analysis of recent developments in Northern Ireland.

Summary & analysis of recent developments in Northern Ireland.

Summary & analysis of recent developments in Northern Ireland.

There were no major headlines announced on VAT in this year’s Autumn Statement. This is not surprising given that many VAT changes were announced during the year through the issue of HMRC Business Briefs.

The Financial Services industry appears to be bearing the cost of the tax reductions and investment incentives provided to other sections of the economy.

The Chancellor continued the crack down on tax avoidance by announcing several new specific anti-avoidance rules to counter perceived problem areas.