Devil is, as always, in the details but the headline changes in the 2014 budget were:
For 2015 to 2016 the personal allowance for those born after 5 April 1948 will increase to £10,500 and the basic rate limit will be £31,785 for 2015 to 2016.
For 2015 to 2016 the starting rate for savings income will reduce from 10% to 0%, and the maximum amount of an individual’s savings income that can qualify for this starting rate will increase to £5,000.
With effect from 1 July 2014 the annual subscription limit for cash and stocks and shares ISA will be equalised at £15,000, and restrictions on the transfer of funds between stocks and shares and cash ISAs will be removed.
With effect from 1 July 2014 the annual subscription limit for Junior ISA and CTF will be increased from £3,840 to £4,000.
Legislation will be introduced to charge CGT on future gains made by non-residents disposing of UK residential property.
Fuel Benefit Charge for both company cars and vans will increase in line with inflation for 2015 to 2016.
Van Benefit Charge will increase in line with inflation for 2015 to 2016.
Company Car Tax percentage of list price subject to tax will increase by 2% points for cars emitting more than 75 grammes of carbon dioxide per kilometre (gCO2/km), to a maximum of 37%, in 2017 to 2018 and 2018 to 2019.
Self-employed to use Self Assessment to collect Class 2 National Insurance contributions alongside Income Tax and Class 4 National Insurance contributions.
Annual Investment Allowance increased from £250,000 to £500,000.
Stamp Duty Land Tax threshold for the 15% higher rate reduced to £500,000.
Annual Tax on Enveloped Dwellings on certain non-natural persons owning UK residential will now applied to properties over to £500,000.
VAT registration threshold increased from £79,000 to £81,000, and deregistration increased from £77,000 to £79,000.
Full summary of changes can be found here: https://www.gov.uk/government/publications/budget-2014-hm-revenue-customs-overview/hmrc-overview