United Kingdom

Tax Policy Cycle 

The tax policy cycle is made up of the Chancellor’s Budget, Finance Bill, Autumn Statement and Finance Bill Draft Clauses. Although it can vary, in general policies take around 16 months from announcement (at Autumn Statement or Budget Day) through to Finance Act which means there is often scope to input into the consultation process.


KPMG insights and commentary on the tax policy cycle will be uploaded to this page and refreshed throughout the cycle. A commentary document will be produced for the Chancellor’s Budget, Autumn Statement and Finance Bill Draft Clauses. The next major policy event is the Autumn Statement which is being held on 3 December, followed by the publication of Draft Clauses for Finance Bill 2015 on 10 December.


If you have any comments, please speak to the relevant contact on the individual policy documents, or if you have a general enquiry, please let us know.


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The Chancellor of the Exchequer George Osborne will give his annual Autumn Statement to Parliament on 3 December 2014. The statement provides an update both on the government’s plans for the economy and on developments in tax policy. For details on the changes and how they may affect you, please visit our dedicated Autumn Statement 2014 page.
The Chancellor’s Budget speech was delivered on Wednesday 19 March. As the penultimate budget before the 2015 general election the message coming from George Osborne was all about a resilient budget in a resilient economy – a budget for “makers, doers and savers”. Visit the UK Chancellor's Budget 2014 page.
Chancellor George Osborne delivered his 2013 Autumn Statement on 5 December. He provided an update on the Government’s plans for the economy based on forecasts from the Office for Budget Responsibility, published the same day. He announced a double whammy of higher input and lower borrowing projections. Visit our dedicated Autumn Statement page.
Draft legislation published following proposed tax changes that were announced on Budget Day in March 2013. Visit KPMG's Finance Bill 2014 draft clauses webpage.