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News and useful information on tax and business issues.
Tax

Spring 24 Budget Summary

On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR)

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Scottish Budget 2022
HMRC

Scottish Budget – December 2022

The Scottish Government outlined their budget proposals for 2023-2024 today, on 15th December 2022. These proposals set out the tax and spending plans for the next couple of years and follow on from the UK Governments Autumn Statement of 17th November, outlined in our blog post here. The Scottish Government has limited taxation powers, including

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News

Autumn Statement Update For Scottish Businesses

On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending

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Mini Budget
News

Mini Budget Update For Scottish Businesses

Update 21/11/22   Please note this post has not aged well…….. The Health and Care Levy is still scrapped and the AIA £1 million limit is still permanent. However the other measures are scrapped! See our next post on the Autumn Statement. Tax Changes For Businesses In Scotland Welcome to our Mini Budget update for

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Spring-statement-2022
HMRC

Spring Statement 2022 Summary

The Chancellor of the Exchequer, Rishi Sunak, presented his Spring Statement to Parliament yesterday, Wednesday 23 March 2022, and we provide a summary below. We will post more detailed analyses of the changes businesses need to make to take advantage of these changes as the details are published by HMRC. Understandably, the Chancellor opened his

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Corporation Tax
HMRC

Corporation Tax Changes 2023

Update! As of the 23rd September 2022 this update has been cancelled! Corporation Tax will remain at 19%. Background to the Corporation Tax Changes The 2021 Budgets The March and October 2021 UK budgets included a whole raft of changes to the UK corporation tax regime, some of which are already with us, and some

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