Summer Budget 2015

7th August 2017


One of George Osborneā€™s first acts as Chancellor was to establish an Office of Tax Simplification. That organisation has spent the last five years identifying needless complexity in the tax system and recommending changes to make dealing with tax less taxing. Sadly, whatever the OTS does to reduce complications, the Chancellor seems to replace with more. Few expected the July Budget to be so full of far-reaching measures that over the next few years will significantly change the way tax is calculated.