Autumn Statement in the West Country

George Osborne has announced plans to legislate for an overhaul of the stamp duty taxation system, which he says will mean a tax cut for 98% of homebuyers.

The Chancellor made the announcement in his final Autumn Statement before the General Election, during which he announced that economic growth would be higher than expected this year, as would government borrowing.

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VAT refunds for air ambulances & rescue helicopters

Search and rescue helicopter based at RNAS Culdrose in Cornwall Credit: ITV News

As part of the Autumn Statement, the Chancellor is to announce VAT refunds for Search and Rescue and Air Ambulance charities alongside £7.5 million extra support for air ambulances.

The VAT refunds will be worth £25 million over 5 years.

It is in response to the service the UK’s Search and Rescue and Air Ambulance charities provide, volunteering their time and expertise to support to emergency services.

At the moment, most Search and Rescue and Air Ambulance charities cannot claim VAT back on their search and rescue activities but this means they will all be able to apply for VAT refunds for them as of 1 April 2015.

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