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…