UK: "Autumn Statement" confirmed for 25 November

Tax legislative update in UK

The Chancellor announced that this year’s Autumn Statement will be made at the same time as the spending review, already scheduled for 25 November 2015. The parliamentary schedule is different this year, with the election. This means that there is a Finance Bill to complete before the Autumn Statement.

Related content

The Finance Bill 2015-16 had its second reading on 21 July 2015, with the committee stages to be completed after the summer recess. Following Parliament’s return this week, a selection of clauses was debated by the House of Commons in the “Committee of the Whole” on 8 September. The remainder will now be considered by a Public Bill Committee, with the first sitting of the provisionally scheduled for Thursday, 17 September. This will be followed by another recess, from 17 September to 12 October, so that the remaining sittings will be between 12 and 20 October. 


Read a September 2015 report [PDF 789 KB] prepared by the KPMG member firm in the UK:  Weekly Tax Matters (11 September 2015)


Other items discussed in the KPMG report concern:

  • HMRC and HM Treasury consultation on an exemption from withholding tax for interest payments made with respect to qualifying private placements
  • Indirect tax judgments and updates
  • Employment tax and HMRC guidance on outstanding employment-related securities annual returns; new enforcement measures for National Minimum Wage/National Living Wage

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG's new digital platform