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Spring Budget 2024

Our tax manager, Jim McMahon, summarises the Chancellor of the Exchequer’s Spring Budget.  The Chancellor of the Exchequer has delivered his Spring Budget to Parliament, and whilst not everything the Chancellor announced applies in Scotland due to devolved taxation, many of the measures will. The Spring Budget 2024 aims to halve inflation, reduce debt and […]

Scottish Budget 2024/25 key points

Our Tax Manager, Jim McMahon, has pulled together the key points of yesterday’s budget below. If you require any further information or have any tax related queries please get in touch. Tax rates               STARTER RATE (19%)               £12,571 – £14,876         […]

Autumn Statement – what affects us North of the Border

Chancellor Jeremy Hunt announced the much anticipated Autumn Statement yesterday (22nd November 2023) setting out the government’s tax and spending plans for the year ahead. Our tax manager Jim McMahon has provided a brief summary of the measures that will affect Scotland.

Budget 2021

Chancellor Rishi Sunak announced the Budget today (3 March 2021).

Coronavirus: Self-Employment Income Support Scheme (SEISS)

HM Revenue & Customs have started contacting the self-employed who they think could be eligible for the Self-Employment Income Support Scheme (SEISS), based on the information provided on the 2018 to 2019 tax return. It is recommended that anyone intending to submit a claim use the online checker which will quickly confirm eligibility and will […]

Onus is on taxpayer to comply with new CGT rules

Whilst significant changes to Capital Gains Tax are rare, April 2020 will see several changes brought in which will affect those disposing of residential property where the disposal results in a Capital Gains Tax (CGT) liability. From 6 April 2020, CGT incurred following the disposal of a residential property is to be reported and paid […]