The Budget in Context 2014

The Chancellor claimed to set out a Budget to support investment, exports and saving. The increased Annual Investment Allowance and various spending projects were intended to support investment. However, the announcements on pensions (aligned with the on-going auto-enrolment programme) are more likely to influence companies and behaviours. Importantly, in other Budget documents, we have learnt more about the UK’s views on the BEPS project that will influence the International Tax arena for years to come and will have far reaching implications across the business spectrum.