The Finance (No 2) Act 2015 passed through Parliament in December 2015.
This bill puts into law many of the measures announced by the Chancellor in his Budget and Autumn Statement speeches.
Important areas which were clarified:
- the annual investment allowance of £200,000 from 1st January 2016.
- tougher rules tackling offshore tax evasion will be introduced.
- large businesses will have to publish their tax strategies.