Tax

This Monday has marked the start of the 2026/27 tax year, and with it has brought some modest income tax changes for Scottish taxpayers. As a result of the plans agreed by MSPs in February, the level of income at which Scottish taxpayers begin to pay more income tax than someone with equivalent earn

Around 300,000 people working from home in the UK will lose their annual home working allowance from this Monday (April 6th). Research by Azets, which has offices in Aberdeen, Ayr, Edinburgh, Glasgow, Inverness and Perth, shows that HMRC estimates the abolition measure for homeworkers will save &pou

Tax expert Tony Cochrane discusses HM Revenue & Customs' (HMRC) recent shift from a lenient enforcement period to a strict compliance regime regarding the VAT Domestic Reverse Charge (DRC) within the construction industry, outlining the specific criteria for its application and offering practica

The UK government has secured a record-breaking windfall from inheritance tax as receipts surged to £7.1 billion between April 2025 and January 2026. This £100 million year-on-year increase, documented by HMRC, stems from a combination of appreciating asset values and long-term stagnatio

A complicated tax relief aimed at encouraging companies to commercialise their innovations within the UK is in dire need of reform because it favours the few, according to Azets. Reform of the Patent Box scheme is said to be long overdue because it is reportedly beyond the understanding of many busi

Azets has said the Scottish Government should use tomorrow's Budget to bring tax bands in line with those south of the border. Donald Parbrook, tax partner with the accountancy and business advisory firm said: "While our fiscal position may leave Shona Robison, the outgoing SNP finance minister, wit

The number of people using the HMRC app to pay their Self Assessment tax bill has increased by nearly 65%, according to new figures. Almost 340,000 people have used it to pay since 6 April 2025, an increase of 132,788 people compared to the same period last year.

Chancellor Rachel Reeves’s Autumn Budget has drawn a sharp intake of breath from Scotland’s financial and business community.

On the eve of the Budget, pensions have emerged as the leading concern among Scots, according to analysis by wealth and asset manager Rathbones. The survey, which polled more than 3,000 UK adults found that 47% of Scots identified pensions as their top Budget issue. This was the highest of any categ

The UK should scrap all motoring taxation in favour of a new "pay-as-you-drive" system that reflects where and when people travel, a Scottish think tank has recommended. Chancellor Rachel Reeves is expected to introduce a self-assessed 3p per mile fee for electric vehicle owners in her upcoming Budg

Chancellor Rachel Reeves has abandoned plans to raise income tax at the 26 November Budget, following improved economic forecasting from the Office for Budget Responsibility (OBR). Ms Reeves had previously hinted at tax rises or "deep cuts" to public investment to fill a significant gap in her spend

HM Revenue & Customs (HMRC) is set to launch a new US-style incentive programme, offering significant financial rewards to whistleblowers who report large-scale tax fraud.

The UK government is facing a fresh internal row after Chancellor Rachel Reeves reportedly informed the fiscal watchdog of plans to raise income tax, breaking a key 2024 manifesto pledge.

People should brace themselves for a “nasty set of tax rises” in Rachel Reeves’ forthcoming Autumn Budget, according to leading economist and public policy expert Professor Paul Johnson CBE. Speaking at the ICAS Annual Conference 2025 in London on 5 November, Prof Johnson – P

UK pensioners reclaimed £48.5 million in overpaid tax on pension withdrawals in the third quarter of 2025, according to the latest figures from HM Revenue & Customs (HMRC). The data reveals that over 13,700 reclaim forms were processed between July and September, with the average rebate am