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By Armstrong Watson

30th November 2023

Armstrong Watson shows support for Cumbria Football Academy

Armstrong Watson has announced a new partnership with the Cumbria Football Academy, a select academy that provides high-quality training and coaching for young footballers in the region.

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By Keith Johnston

29th November 2023

The Autumn statement - Impact on farm businesses

While there was little of specific interest for agriculture in the recent Autumn Statement, there were some announcements in the Chancellor’s raft of new measures that may impact farm businesses. In other areas – notably Inheritance Tax - (IHT) announcements that were speculated did not materialise.

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By Scott McIver

23rd November 2023

Autumn Statement 2023 - How does this impact Scottish taxpayers?

The main headline from the Autumn Statement was the announcement that the Government will reduce National Insurance Contributions for both the employed and self-employed.

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By Armstrong Watson

23rd November 2023

Autumn Statement 2023 - Impact on the automotive sector

In his 2023 Autumn Statement, the Chancellor wanted to convey the message that steps he had taken in the past were now allowing him to reduce the tax burden on businesses and individuals.

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By Armstrong Watson

22nd November 2023

Autumn Statement 2023 - What does this mean for individuals?

In the previous months, there was much comment from the Government that it was too soon to focus on tax cuts given their promise to halve inflation. However, in recent weeks the speculation grew that tax cuts would be considered and even that Inheritance Tax (IHT) may be abolished.

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By James Fraser

22nd November 2023

Autumn Statement 2023 - Research and Development (R&D) tax relief changes

Research and Development (R&D) tax relief has been under the review by the government for a number of years, and the Chancellor’s Autumn Statement has confirmed the latest change.

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By Graham Poles

22nd November 2023

Autumn Statement 2023 - Announcements for small businesses

The big news around the Autumn Statement was the cuts to National Insurance (NI), which impacts both employees through their class 1 contributions but also the self-employed.  The Chancellor recognised the important work undertaken by the self-employed and wanted to simply the tax system for them.

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By Scott McIver

22nd November 2023

Autumn Statement 2023 - HMRC enquiries, tackling the tax gap

The Government has further committed to investing in HMRC’s ability to ensure that everyone pays the tax they are due to pay. This will include allowing HMRC to target its debt collection activity, pursuing those with tax debts who can afford to pay, and providing support to those who are temporarily unable to pay. It is estimated to raise £5 billion over the next five years.

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By Brian Rudkin

22nd November 2023

Autumn Statement 2023 - Employment tax - NIC reductions and National Living Wage

The main headline-grabber from the Autumn Statement on the employment side is the reduction of the main rate of employee National Insurance Contributions (NICs) from 12% to 10%, which comes into effect on 6 January 2024.

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By James Fraser

22nd November 2023

Autumn Statement 2023 - Capital allowances and full expensing

In his 2023 Spring Budget, the Chancellor sought to boost investment through changes to the capital allowances regime, including the introduction of full expensing relief effective from 1 April 2023. This was originally introduced as a temporary measure due to expire on 31 March 2026. In his Autumn Statement, the Chancellor announced that he was making the relief permanent.

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