47881_Budget_2015_Web_Accessible

Table 2.2: Measures announced at Autumn Statement 2014 or earlier which will take effect fromApril 2015 or later 1£ millionHead 2015-16 2016-17 2017-18 2018-19 2019-20Measures announced at Autumn Statement 2014a Personal allowance: increase to £10,600 in 2015-16 Tax -525 -625 -640 -650 -660with full gains to higher rate taxpayersb ISAs: transfer to surviving spouses Tax * * -5 -10 -10c Air Passenger Duty: exempting children Tax -45 -85 -90 -90 -95d Employer NICs: abolish for apprentices under 25 Tax 0 -105 -110 -120 -125e Business Rates: small business relief extension Tax -535 +70 +10 0 0f Business Rates: cap increase at 2% in 2015-16 Tax -135 -115 -115 -185 -175g Business Rates: increase retail discount to £1,500 in Tax -115 +15 +5 0 02015-16h Business Rates: transitional relief Tax -10 -5 0 0 0i Employment Allowance: extend to carers Tax -10 -10 -10 -10 -10j R&D tax relief: increase large firms and SME credit Spend -40 -105 -125 -135 -140k R&D tax relief: changes to qualifying expenditure Spend +20 +55 +55 +60 +60l Entrepreneurs’ Relief: reinvested gains Tax * -5 -10 -5 -10m Social investment tax relief Tax 0 -10 -15 -25 -25n Peer-to-peer lenders: bad debt relief Tax 0 -10 -15 -20 -25o VAT: support for search & rescue and hospices Tax -10 -5 -5 -5 -5p Diverted profits tax Tax +25 +275 +360 +345 +360q Corporation Tax: hybrids Tax 0 +15 +70 +85 +90r Corporation Tax: country-by-country reporting Tax * +5 +5 +10 +10s Corporation Tax: accounting treatment of credit Tax 0 +5 +10 +250 +40lossest Corporation Tax: bank losses restriction Tax +780 +865 +795 +785 +705u Non-domiciles: increase remittance basis charge Tax 0 +120 +90 +90 +90v Investment managers’ disguised fee income Tax * +165 +80 +65 +55w Special purpose share schemes Tax 0 +45 +40 +40 +40x Income tax: miscellaneous losses Tax +5 +5 +5 +5 +5y Venture capital schemes: restrictions on use Tax -15 +50 +15 +15 +20z Income tax: salary sacrifice and expenses, including Tax 0 +85 +65 +55 +60umbrella companiesaa Office of Tax Simplification: review of expenses Tax -10 -5 -10 -10 -10ab DOTAS regime changes Tax * * +30 +50 +70ac HMRC: operational measures Tax -15 +280 +390 +160 +70ad Corporation Tax: accelerated payments and group Tax +425 -345 -40 -30 0reliefae Pensions flexibility: decisions since Budget 2014 Tax +60 -25 -25 +35 -10af Peer-to-peer lenders: withholding tax regime Tax 0 0 +90 +10 +35ag Public service pensions: next steps in revaluation Spend +325 +355 +365 +370 +380ah Universal Credit: supporting 85% of childcare costs Spend 0 -10 -130 -240 -305ai Employment and Support Allowance: additional Spend +35 +125 +95 +75 0healthcare professionalsaj Employment and Support Allowance: restricting Spend +25 +25 +10 +10 +10repeat claimsak Pensions flexibility: notional income rules for benefits Spend * * -5 -5 -5al Bereavement benefits reform Spend 0 0 -40 -35 -15am Simplifying assessment periods Spend -5 -10 -20 -25 -25an Work allowances: maintain current level in 2017-18 Spend 0 0 +40 +75 +100ao DWP fraud and error: additional capacity Spend +40 +10 +5 -10 066 Budget 2015