The Chancellor will deliver his Autumn statement to the House of Commons on 3rd December 2014, providing an update to the Government’s forecast and plans for the UK economy.

Some of the measures set to be included in the 2015 Finance Bill are:

  • Scrapping Employers National Insurance Contributions for under 21s to encourage firms to take on younger staff from 6th April 2015, if they earn up to £813 a week (£42,285 per annum)
  • New powers to allow HMRC to collect tax and tax credit debts from an individual’s bank without their approval
  • An increase in the personal allowance from £10,000 to £10,500
  • The introduction of a new transferable tax allowance for married couples and civil partners