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By Armstrong Watson

10th January 2024

Armstrong Watson appoints new Tax Director in Newcastle

Armstrong Watson is delighted to announce the appointment of new Tax Director Hayley Deeming, who will lead the firm's Corporate Tax team in Newcastle. 

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By Douglas Russell

19th December 2023

The Scottish Budget: Tax Rises for Higher Earners 

High earners in Scotland will now pay up to 5% more tax than those earning the same amount in the rest of the UK. What does this mean for individuals and businesses? 

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By Scott McIver

14th December 2023

Scottish Budget: Could high earners be faced with a further rise in income tax?

If you are a high earner in Scotland you could be faced with paying up to 3% more tax if proposals to introduce a new rate of income tax materialise.

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shop owner selling online

By Graham Poles

14th December 2023

New data sharing rules to help HMRC tackle non-compliance

HMRC will have a new set of powers from the 1 January 2024 that will require digital platforms to supply the details of individuals who are providing services or selling goods including those who operate small businesses, second-hand sellers, freelances, delivery drivers, taxi drivers and property owners.

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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

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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