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Spring Budget confirmed for 6th March

Chancellor Jeremy Hunt has announced the Spring Budget 2024 will be presented to Parliament on 6th March 2024.

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Scottish Budget 2024-25

Scotland’s Government has unveiled its draft tax and spending plans for the 2024-25 fiscal year, including a new income tax band targeting those earning between £75,001 to £125,140.

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The Cash Basis: What did the Autumn Statement change?

The Government has considered feedback in relation to its consultation on the expansion and simplification of the cash basis for accounting.

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Making Tax Digital for Income Tax: What did the Autumn Statement chang...

In November 2023, the Chancellor announced the Autumn Statement. While he did not mention Making Tax Digital in his speech, there have been some changes announced in the executive summary.

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The announcements to expect in the Government’s 2023 Autumn Statement

Read the predictions and rumours for what will be announced in the Government’s 2023 Autumn Statement on 22 November.

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Autumn Statement 2023 Summary and Highlights

The Chancellor, Jeremy Hunt, announced his second Autumn Statement to Parliament on Wednesday 22nd November, with a remit to bolster the UK economy and encourage fresh investment in businesses.

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Budget 2023: Pension Tax Changes

As part of his Budget on 15th March, Chancellor Jeremy Hunt announced the following significant changes to the amounts individuals may save into their pensions.

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Spring Budget 2023 Summary and Highlights

Chancellor Jeremy Hunt announced his first Budget to Parliament on Wednesday, 15th March, as he aims to grow the UK economy.

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Scottish Budget 2023-24

Deputy First Minister, John Swinney, has outlined the Scottish Government’s spending and tax plans for the 2023-24 financial year to Holyrood.

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Autumn Statement 2022 Summary and Highlights

Jeremy Hunt announced his first Autumn Statement as Chancellor of the Exchequer to Parliament on 17th November, in a bid to bring economic stability to households, businesses and the financial markets...

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New Chancellor reverses most of the mini-Budget tax cuts

The new Chancellor of the Exchequer has brought forward the Government’s Medium-Term Fiscal Plan due on 31st October, overturning many of the measures within the ‘Growth Plan’ that was announced on 23...

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The Growth Plan: How it affects the property market

The Government’s Growth Plan included a string of significant tax measures that are already having a significant impact on landlords, and the UK property market as a whole.

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Basic rate of income tax remains at 20%

In his Growth Plan statement on 23rd September, the Chancellor announced plans to cut the basic rate of income tax by 1% from 6th April 2023. However, on 17th October, the Government reversed course a...

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Reversal of National Insurance and dividend tax increases

In a widely anticipated move, at the Growth Plan statement on 23rd September, the Chancellor announced further details of a reversal of planned increases in National Insurance contributions (NICs) and...

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IR35 - Repeal off-payroll working rules reversed

On 23rd September, the Chancellor announced that the off-payroll working rules, originally introduced for the public sector in 2017 and later expanded to the private sector in 2021, will be repealed f...

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Corporation Tax to remain at 19%

The Growth Plan statement on 23rd September confirmed the Government's plans for corporation tax rates from April 2023

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The Growth Plan – Summary and Highlights

The Government unveiled its Growth Plan on Friday 23rd September, with a string of tax cuts at the heart of measures designed to stimulate the economy.

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Spring Statement 2022 scheduled for March 23rd

The UK Government’s Spring Statement for 2022 will be delivered by Chancellor of the Exchequer, Rishi Sunak, on Wednesday 23rd March.

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Spring Statement 2022 Summary and Highlights

The Chancellor of the Exchequer has presented his Spring Statement 2022 to the House of Commons, announcing a series of changes to help businesses and individuals as the cost of living and inflation s...

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New rules and the Welsh Budget

There have been a number of recent announcements from the Welsh Government which have an impact on businesses and individuals in Wales.

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Scottish Budget 2022-23

Finance Secretary Kate Forbes has outlined the Scottish Government’s spending plans for the 2022-23 financial year, which are designed to set Scotland “on a new ambitious path”.

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Capital Gains tax deadline extended to 60 days

In his Budget on 27th October, the Chancellor made some changes to the Capital Gains Tax reporting rules, relaxing the requirement that CGT reports and payments need to be made within 30 days of compl...

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The Budget over Breakfast webinar

In this webinar held on Thursday, 28th October, we provided an overview of the announcements from the Autumn 2021 Budget.

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Reforming UK Research & Development tax reliefs

In his Autumn Budget on 27th October, the Chancellor made much of improving Research and Development spending including the system of tax relief. But there is little detail about how this will work i...

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Key reforms to business rates announced in the Autumn Budget

Chancellor Rishi Sunak has confirmed a host of reforms to business rates in England, designed to support small businesses and ease the burden on the country’s high streets.

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Recovery Loan Scheme extended to June 2022

The Recovery Loan Scheme will provide Government-backed loans to businesses affected by COVID-19 until 30th June 2022.

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2022-23 Scottish Budget set for 9th December 2021

Scotland’s Finance Secretary Kate Forbes will reveal the Scottish Government’s spending plans for the 2022-23 financial year, with the 2022-23 Scottish Budget scheduled for Thursday 9th December 2021.

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Autumn Budget 2021 Summary and Highlights

Rishi Sunak announced his third Budget as Chancellor of Exchequer to Parliament on Wednesday, 27th October.

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Chancellor announces date for Autumn Budget

Chancellor Rishi Sunak has announced that the next Budget, will be held on 27th October.

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National Insurance and dividend tax rises announced for social care re...

Prime Minister Boris Johnson has proposed a number of tax increases for taxpayers across the UK.

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The new rules for trade loss relief explained

A temporary extension to the rules for trade loss relief, both for individuals and companies was announced by the Government in its Budget on 3rd March 2021.

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New Recovery Loan Scheme launches in April

With applications for the Coronavirus Business Interruption Loan Scheme and Bounce Back Loans ended, eligible UK businesses can now apply for a new Recovery Loan Scheme.

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Budget 2021: Self-Employment Income Support Scheme extended

In the Budget on 3rd March, further extensions were announced to the Self-Employment Income Support Scheme.

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Furlough scheme extended until the end of September

Chancellor Rishi Sunak has opted to extend the Coronavirus Job Retention Scheme (furlough scheme) until the end of September, as part of the Budget 2021.

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What does The Budget mean for you?

In this webinar held on Tuesday, 9th March, we provided an overview of the announcements that The Chancellor of The Exchequer will make in his Budget.

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Budget 2021 – What will the Chancellor do?

As the Budget on 3rd March gets ever closer, there is increasing speculation around possible tax changes and the ways in which the Government can start to deal with the huge impact COVID-19 has had on...

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Scottish Budget 2021-22

Scotland’s Finance Secretary, Kate Forbes, revealed the Scottish government’s provisional spending plans for the 2021-22 financial year to Holyrood on 28th January.

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Budget 2021 Summary and Highlights

Chancellor Rishi Sunak used his Budget on 3rd March to outline the UK Government’s plans for taxation and COVID-19 support packages targeted at businesses and individuals during the economy’s phased r...

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The Chancellor reveals the date of the next Budget

Chancellor Rishi Sunak has revealed that the next Budget will be held on 3rd March 2021.

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Government puts Job Support Scheme on indefinite hold as furlough sche...

The Coronavirus Job Retention Scheme has been extended until 31st March and the introduction of the new Job Support Scheme has been delayed.

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Chancellor unveils Winter Economy Plan to protect jobs and businesses

Chancellor Rishi Sunak has outlined the UK Government’s Winter Economy Plan, the next stage of the economic support offered to small businesses and self-employed individuals affected by the ongoing CO...

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Autumn Budget cancelled for 2020 due to COVID-19 crisis

Plans for an Autumn Budget in the coming weeks have been scrapped by HM Treasury because of the impending second wave of coronavirus in the UK.

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Chancellor reassures MPs over the prospect of tax rises

Amid reports of potential ‘historic’ tax grabs, Chancellor Rishi Sunak has moved to reassure Conservative MPs that a “horror show of tax rises with no end in sight” is not on the cards, despite having...

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Temporary cuts to Land and Buildings Transaction Tax in Scotland

The Scottish Government has followed suit with the UK Government by announcing a temporary cut to the country’s Land and Buildings Transaction Tax in a bid to stimulate Scotland’s housing market.

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'Eat Out to Help Out' discount aimed at creating demand for hospitalit...

Employers in the hospitality sector have been given a “creative” boost by a new ‘Eat Out to Help Out’ discount.

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Green Homes Grant unveiled in Summer Economic Statement

In a ‘win win’ move for homeowners and local businesses in England, Sunak also announced a new Green Homes Grant which will apply from September.

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Stamp duty cut announced in Summer Economic Update

In the Summer Economic Update the Government announced a temporary change to the stamp duty rules in England and Northern Ireland, which will mean anyone purchasing a main home for under £500,000 will...

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VAT cut aimed at stimulating hospitality and tourism sectors

Chancellor Rishi Sunak has opted to cut the tax on sales in the UK’s hospitality and tourism sectors until 12th January 2021.

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Economic plan for jobs and employers released

The Summer Economic Update was an opportunity to chart the course to recovery for tens of thousands of businesses, supporting existing jobs and incentivising the creation of new roles in the difficul...

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Summer Economic Update to drive new jobs and stimulate the economy

Chancellor of the Exchequer Rishi Sunak gave his Summer Economic Update to the House of Commons on 8th July, outlining a string of measures designed to stimulate and revitalise the UK economy followin...

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Emergency coronavirus budget statement pencilled in for early July

Chancellor Rishi Sunak is preparing to unveil an emergency budget statement next month to tackle the threat of millions of job losses due to the coronavirus crisis.

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Budget 2020 Summary and Highlights

Rishi Sunak delivered his first Budget speech as Chancellor of the Exchequer on 11th March, outlining the Government's plans for tax and spending during the 2020/21 financial year.

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Individuals urged to be mindful of Budget 2020 measures

The first Budget of Chancellor Rishi Sunak's career includes a host of taxation measures that could have implications for your personal tax situation.

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Budget 2020 gives the UK business community a shot in the arm

Chancellor Rishi Sunak has introduced a number of initiatives to reassure businesses about the possible impact of Coronavirus, as well as unveiling broader measures designed to promote growth througho...

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Support for employers in Budget 2020

The Chancellor of the Exchequer, Rishi Sunak, has moved to reassure business owners by announcing a range of measures to support employers in his inaugural Budget.

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Enhanced business rate reliefs in England announced ahead of Budget

The Treasury provided an early pre-Budget bonus for a string of small businesses in England with new business rate reliefs announced for entertainment venues such as public houses, music venues, cinem...

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TaxAssist champions small business issues with Chancellor ahead of Bud...

With just a few weeks until Budget 2020, TaxAssist Accountants has sought to put the everyday issues facing the UK's small business community on the radar of Chancellor, Sajid Javid.

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Budget 2020 - what to expect on 11th March

On 11th March, Rishi Sunak is set to deliver his first Budget speech as Chancellor of the Exchequer, outlining the Government's plans for tax and spending during the 2020-21 financial year.

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Scottish Budget 2020-21

The Scottish Government's tax and spending plans for the 2020-21 financial year were unveiled in the draft Scottish Budget.

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Entrepreneurs Relief at risk in Budget 2020

Entrepreneurs' Relief, a valuable tax break for entrepreneurs, is reportedly under threat in the upcoming Budget 2020.

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Scottish Budget 2020 to be announced on 6th February

Scotland's Finance Secretary Derek Mackay will unveil his tax and spending proposals for 2020-21 on Thursday 6th February - a month before the UK budget.

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Chancellor sets Budget 2020 date for 11th March

Sajid Javid has confirmed the date of the Budget 2020 for 11th March.

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Chancellor cancels Budget planned for 6th November

Chancellor of the Exchequer, Sajid Javid, has postponed the Autumn Budget 2019 scheduled for 6th November.

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Chancellor announces Budget 2019 date

The Chancellor of the Exchequer, Sajid Javid, has announced that this year's Budget will be held on Wednesday, 6th November.

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Spring Statement 2019 - what to expect

On 13th March, Chancellor Philip Hammond will reveal the contents of his Spring Statement 2019, providing an update on the UK's economic health.

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Spring Statement 2019 Summary and Highlights

The Chancellor of the Exchequer, Philip Hammond, announced his Spring Statement to Parliament on Wednesday, 13th March

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Scottish Budget 2019-20

Scotland's Finance Secretary, Derek Mackay, revealed his tax and spending plans for the next financial year in his Draft Scottish Budget 2019-20 on 12th December 2018.

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Budget 2018 Summary and Highlights

Chancellor Philip Hammond delivered the first Budget on a Monday since 1962 - his final fiscal statement before the UK prepares to leave the European Union.

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Read our expert answers to your The Budget questions

Budget 2023: All you need to know about childcare support reforms

I have heard the Chancellor announced plans to offer 30 hours of free childcare for children aged nine months upwards in his Spring Budget. When is this likely to happen and what are the eligibility r...

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Budget 2023: What are the changes to foster care relief?

I have heard the Chancellor mention in his Spring Budget that there are changes to foster care relief. Is this likely to mean I will pay more or less tax on my foster carer income than previously?

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What is the Employment Allowance?

The Employment Allowance has been available since 6th April 2014. If you are eligible, you can reduce your employer Class 1 National Insurance Contributions by a certain amount each tax year.

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