Changes to VAT penalties and interest from 01 January 2023

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

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New VAT penalty regime and other VAT news

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

1.25% increase to NIC and dividend tax ratesĀ 

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

Budget 2021

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

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COVID-19 Update 3

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

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Update on Government schemes in response to COVID-19

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

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COVID-19 Government schemes to help

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

Dividend 2017/18 and 2018/19

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

Autumn Budget 2017

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…

Changes to flat-rate VAT in more detail with examples

Finance Secretary for Scotland outlines spending plans in 2021/22 Scottish Budget On 28 January, Finance Secretary for Scotland, Kate Forbes, outlined plans for Scottish spending and taxation in the 2021/2022 Scottish Budget.In the Budget, Ms Forbes announced plans to continue first-time homebuyer relief, which raises the nil-rate band for Land and Buildings Transaction Tax (LBTT)…