Budget

Alan Stewart, tax partner at MHA's Aberdeen office, provides analysis of the key Scottish implications from the Chancellor's Spring Budget, offering his insights into how the fiscal measures will impact various sectors and individuals across Scotland. Since the Chancellor’s Autumn statement, i

Chancellor Jeremy Hunt unveiled a series of tax reforms in yesterday's Spring Budget, altering the UK's fiscal landscape. The most notable change sees National Insurance contributions for employees decreasing from 10% to 8%, resulting in average annual savings of around £450 for approximately

The Scotch Whisky Association (SWA) has applauded the Chancellor Jeremy Hunt's decision to extend the alcohol duty freeze until February 2025, stating that a duty rise would have been detrimental to the industry, its supply chain, consumers, and the wider economy amidst ongoing efforts to curb infl

Ahead of the Chancellor’s budget on 6 March, new research from Grant Thornton UK LLP has revealed that businesses would like to see government focus on investing in skills and training to support business growth, as the competition for talent intensifies. The firm’s latest Business Outlo

Scottish business leaders have welcomed the government's decision to freeze business rates for a further year. The basic property rate, known as "poundage", will be frozen at 49.8p, deputy first minister and interim finance secretary John Swinney confirmed yesterday. This is estimated to save ratepa

Tax increases on higher earners in Scotland have entrenched the divergence in income tax regimes north and south of the border, financial experts have said. John Swinney, the deputy first minister and interim finance secretary, yesterday announced an increase in the higher and top rates of income ta

Today, Kwasi Kwarteng, the chancellor of the Exchequer revealed his fiscal plans in his emergency 'Mini Budget' aimed at boosting the economy to reach his 2.5% growth target. Mr Kwarteng's announced tax cuts and reforms, "the biggest package in generations", were met with mixed reactions.

Scotland first ‘hub by Premier Inn’ on Edinburgh’s Royal Mile -Phil Wilkinson Budget hotel chain Premier Inn has invested £35 million into Edinburgh with three new hotels and ongoing refurbishments and extensions, bringing 150 jobs and 10 apprenticeships to the city.

George Osborne has delivered his sixth Budget as chancellor, and the last of the current Parliament. Below is a summary of the key points announced as compiled by Edinburgh-based accountants Chien + Tait:

Chancellor George Osborne yesterday finally responded to months of appeals from industry leaders to slash North Sea oil and gas taxes by announcing in his Budget statement that Petroleum Revenue Tax (PRT) would be cut from 50 per cent to 35 per cent. The existing supplementary charge for oil compani

The Scotch Whisky Association has welcomed Chancellor George Osborne’sannouncement yesterday to cut the duty paid on spirits by 2 per cent -the first cut in spirits duty for 20 years. The industry body, which has spent months lobbying for the break, said the move will benefit both producers and co

The annual tax to be raised from the value of all the debts in UK banks is to be raised from 0.156 per cent to 0.21 per cent following yesterday’s budget announcement. It is the ninth rise since the tax was first introduced in 2011 at a rate of 0.05 per cent.