Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
The Finance Secretary, Derek Mackay, delivered his 2018/19 Budget for Scotland today announcing the Scottish Government’s decisions on income tax
Today, the Chancellor, Philip Hammond delivered his Autumn 2017 Budget. There was little change to personal taxation with no increase in income tax or national insurance keeping in line with The Conservative 2015 election manifesto. The personal allowance is currently £11,500, whereby the first £11,500 of an individual’s income is received tax free – it was announced today that the personal allowance for income tax will rise to £11,850 from April 2018 for all UK taxpayers.
On Friday, (8 September) the UK government published its 2017 Finance Bill which contains a range of measures that will have an impact on both savers and investors.
The simple answer will be “YES” if you reside in Scotland and therefore have a Scottish address (see more on this below).
What looked to be the longest Finance Bill in history has been whittled down to a shadow of its former self with the Government deciding to remove a staggering 72 of the planned 135 clauses which equates to over half of the Finance Bill being postponed until after the UK General Election in June.
