Changes to VAT penalties and interest from 01 January 2023

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

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New VAT penalty regime and other VAT news

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

1.25% increase to NIC and dividend tax ratesĀ 

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

Budget 2021

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

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Update on Government schemes in response to COVID-19

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

Dividend 2017/18 and 2018/19

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

Autumn Budget 2017

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…

Changes to flat-rate VAT in more detail with examples

Scottish government cuts LBTT to help home buyers On 15 July, the Scottish government reduced the rate of Land and Buildings Transaction Tax (LBTT) following a similar reduction to the rate of residential Stamp Duty Land Tax (SDLT) announced by Chancellor Rishi Sunak in the recent Summer Economic Update.LBTT is payable by the purchaser in…