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PERSONAL
TAX CREDITS
The tax credit taper rate and thresholds
will remain unchanged.
STATE PENSION
The new single tier state pension will
be set at £155.65 a week from next year.
CAPITAL GAINS TAX
Capital gains tax will be due 30 days after
the disposal of any residential property
liable to capital gains tax from April 2019.
HOUSING BENEFIT
Housing bene"t for new social tenants
will be capped at the same level as the
private sector.
STAMP DUTY
Stamp duty rates on additional properties
such as buy-to-lets and second homes will
be raised 3%.
CHILDCARE
Parents of children aged 3-4 will be able to
get 30 hours of free childcare a week from
2017 if they work over 16 hours a week.
LONDON HELP TO BUY
People in London with a 5% deposit can
get an interest-free loan worth up to 40%
of a newly-built home.
BUSINESS
DIGITAL TAX ACCOUNTS
Every business and self-employed
individual will have their own digital tax
account by the end of the decade.
SMALL BUSINESS RATE RELIEF
The small business rate relief scheme used
by around 600,000 businesses will be
extended for a year.
APPRENTICESHIP LEVY
A levy of 0.5% of an employer’s wage
bill will be introduced in April 2017. Each
employer will have a £15,000 allowance
to offset the levy.
COMPANY CARS
The diesel supplement on company cars
will not be abolished until April 2021.
TAX EVASION
The government has committed an
additional £800 million to combat tax
evasion and non-compliance.
OTHER
WALES
Legislation will be scheduled to allow the
devolution of income tax in Wales to be
introduced without a referendum.
SANITARY PRODUCTS
The £15 million currently raised from the
VAT charged on sanitary products will fund
women’s health and support charities.
STUDENT NURSES
Direct funding for student nurses will be
replaced with loans for new students.
PART-TIME STUDENTS
Part-time students will be able to apply to
receive maintenance loans from April 2018.
TUITION FEE LOANS
Tuition fee loans will be available for those
studying higher skills in further education
as well as postgraduates.
MOTOR INSURANCE
Reforms to the compensation of minor
motor accidents will potentially mean
savings for consumers of around
£40-50 a year.
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At a glance
AT A GLANCE
Measures announced in Autumn Statement 2015 include:
Talk to us about
Autumn Statement 2015