The state opening of parliament took place on 27 May 2015. The Queen set out the new Government’s plans for the coming year which included various measures relevant to taxation.
A new National Insurance Contributions Bill and a Finance Bill is to be introduced which will bar any increases in income tax, VAT and national insurance.
The speech repeated the Government’s plan to raise the tax-free proportion of earnings from £10,600 to £12,500.
The Scotland Bill follows the recommendations of the Smith Commission and will provide new tax and welfare powers to the Scottish Parliament.
More changes will become apparent in the 8 July 2015 budget statement, however, it is expected that there will be amendments to tax relief on pensions contributions for additional rate taxpayers, transferable IHT allowances on main residences passed to children, possible further anti-avoidance measures and changes to the annual charge for non-doms.
You can read (or watch) the Queen’s speech here.