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 Chancellor’s Budget which is being held on 18 March.


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.


Report with tags
Unusually, the Budget on 8 July will be the second by the same Chancellor in a calendar year: it will be interesting to see what George Osborne has kept up his sleeve. Visit our Chancellor’s Summer Budget 2015 webpage.
With a General Election looming, and a very tight timetable for the completion of Parliamentary business before campaigning begins in earnest, we need to think of this year’s Budget and Finance Bill as a single unit, rather than, as is usually the case, separate parts of a relatively drawn-out process. Visit our Chancellor’s Budget 2015 webpage.
Next year’s election is likely to colour both what we see at this week’s Autumn Statement and what draft legislation we get on 10 December for next year’s Finance Bill.Visit our Finance Bill 2015 draft clauses webpage.
The Chancellor of the Exchequer George Osborne delivered his annual Autumn Statement to Parliament on 3 December 2014. The statement provided 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 has 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.