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Scottish Budget: 18th December 2023

Scottish Budget: 18th December 2023

by | Dec 21, 2023 | Government Budgets

The Scottish Government’s Finance Secretary, Shona Robison, set out her budget for 2024/25 on 18th December 2023. This was in the wake of the UK budget being announced on 22nd November 2023, where the Chancellor, Jeremy Hunt, announced a reduction in National...
Autumn Statement – 22/11/23

Autumn Statement – 22/11/23

by | Nov 23, 2023 | Government Budgets

The UK Government’s Chancellor, Jeremy Hunt, delivered his Autumn Statement to the House of Commons on 22nd November 2023. In his speech, he announced major changes to National Insurance and extensions to Corporation Tax reliefs.   There’s a lot to unpack, but we’ve...
Budget Report – Spring Budget 2023

Budget Report – Spring Budget 2023

by | Mar 16, 2023 | Government Budgets

The UK Chancellor, Jeremy Hunt, delivered his budget speech in the Commons today. The budget did not deliver any major surprises, and mostly confirmed measures that were already announced in the Autumn Statement last October. We’ve broken down some of his key...
The MTD Delay

The MTD Delay

by | Feb 7, 2023 | Government Budgets, Tax Compliance

Making Tax Digital (MTD) for Income Tax has now been delayed, as was widely expected, meaning that it will now not come into force until April 2026. Victoria Atkins, the Financial Secretary to the Treasury, announced in December that the scheme will be pushed back by...
VAT Penalties are Changing

VAT Penalties are Changing

by | Jan 17, 2023 | Government Budgets, Tax Compliance

For all VAT accounting periods starting on or after 1 January 2023, the way that HMRC charges penalties and interest on late VAT payments and returns is changing. The old default surcharge system, where a default percentage of the late VAT amount was levied on day one...