Chancellor George Osborne has announced a clampdown on venture capital trusts (VCTs) and enterprise investment schemes (EIS') purely set up to access tax reliefs.
The point at which people start paying income tax has been increased to £9,205, George Osborne announced in today's Budget.
Fund managers and economists digest the announcements made in yesterday's Budget:
It took Chancellor George Osborne just under an hour to deliver his third Budget speech. Here it is in full...
The Chancellor has highlighted five key industries set to benefit from today's Budget, as he tries to move the UK away from a reliance on companies in the finance sector.
The limit at which child benefit will be scrapped for families will not be a 'cliff-edge' at the higher rate of tax, Chancellor George Osborne announced today.
The 50p top rate of income tax will be reduced to 45p from April next year, Chancellor George Osborne announced this afternoon.
The Chancellor has set out plans to clamp down on the use of tax loopholes and reliefs as part of a raft of measures targeting the wealthy.