The government has introduced new tax penalties, offences for tax evasion and new powers for data collection. All measures are included in the Finance Act 2016.
No change to income tax rates in Scotland
The Finance Secretary has delivered his budget statement to the Scottish Parliament this afternoon and announced that the Scottish Income Tax Rate will be set at 10% for 2016/17.
The effect of this is to ensure that Scottish Taxpayers will pay tax at the same rates as their counterparts in the rest of the UK, at 20%, 40% and 45%.
HMRC: Agent Update December 2015
HMRC have issued their Agent Update for December 2015: we have summarised the key content for you.
Nichola's SME W-update 11 Dec 2015
Hello
HMRC published draft legislation ahead of next year's Finance Bill this week. We can confirm that the new dividend tax will go ahead as planned, and we now know more about the treatment of other forms of distributions. There is a new consultation on Company distributions.
Tax relief and helpline for those affected by floods
The government's Cobra emergency committee has agreed that households and businesses affected by the severe weather and flooding in Cumbria and Lancashire will be given relief from council tax and business rates.
Budget 2016
The Chancellor of the Exchequer, George Osborne, has announced that the government will publish its next Budget on Wednesday 16 March 2016.
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