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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MONTHLY FOCUS: TAX PLANNING FOR MARRIED COUPLES (TRADERS AND COMPANIES)
Married couples have been taxed separately rather than as a unit since 1990. There are a number of strategies married couples (and civil partners) can adopt to save tax. This Monthly Focus looks at business-related income planning.
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