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?
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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Payment deadline for corporation tax
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HMRC targets undeclared consultancy income in the medical sector
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MONTHLY FOCUS: BUSINESS AND AGRICULTURAL PROPERTY RELIEF: WHAT DO THE NEW IHT RULES MEAN FOR YOU?
The inheritance tax treatment of businesses and farms changed fundamentally from 6 April 2026. The amount that can qualify for 100% business property relief and agricultural property relief is now capped, potentially leaving families with a significant tax bill for the first time. What has changed, and what should business owners and farmers be doing about it?
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