George Osborne gave his Summer 2015 Budget Report on 8 July 2015 against a back drop of growing employment and ‘robust’ confidence among small and medium sized business owners.
Highlights of the Summer 2015 Budget are:
- Personal Allowance increase to £11,000 from April 2016
- 7.5% Dividend tax after the first £5,000
- Corporation tax to be reduced to 19% in 2017 and 18% in 2020
- Annual Investment Allowance to be set permanently at £200,000 per year from January 2016
- The Employment Allowance will be increased by £1,000 to £3,000 from 1 April 2016
For our full Summer 2015 Budget Report please click here.
