All Budget dates now confirmed
As well as the main Budget, which is next week, the Scottish and Welsh governments have now confirmed when their devolved equivalents will be published. What do you need to know?
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Deadline to pay Class 1B NI
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Company owners' personal tax affairs under scrutiny
Company owners are being urged to check their personal tax affairs as a new compliance campaign focuses on transactions between limited companies and the people who control them. Loans, personal expenses and the use of company assets are among the areas attracting attention. Could you have overlooked a tax liability?
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HMRC speeds up National Insurance refunds
HMRC has confirmed that it is using a new automated process to speed up National Insurance refunds. Where its records suggest that someone may have overpaid, HMRC will write to them asking them to check their employment and contribution details before any refund is processed. Could you be due money back?
The UK Autumn Budget takes place on 22 November – next Wednesday. Of course, this makes draft legislation that affects the whole UK, but Scotland and Wales do have some devolved rights with respect to tax – for example the equivalents of stamp duty land tax. This means that the devolved administrations also hold an annual Budget. The Scottish government will present its draft Budget for 2024/25 on 19 December. The Budget will be presented for approval in Holyrood at a later date – probably February next year. The Welsh government will also unveil its draft Budget on 19 December. Final approval will take place on 27 February.
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