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Spring Newsletter 2026

Spring has brought a busy start to 2026, and our first newsletter of the year offers a timely update as we approach the end of the tax year. Inside, we break down the key points from both the UK and Scottish Budgets, outline the latest Companies House verification requirements, and highlight payroll changes coming in April 2026. We also cover progress on Making Tax Digital for Income Tax, review the performance of our MGTS Qualis Funds, and take a closer look at, what happens to the tax you hand over to HMRC in our 'Where all the money goes' feature.

Spring has brought a busy start to 2026, and our first newsletter of the year offers a timely update as we approach the end of the tax year. Inside, we break down the key points from both the UK and Scottish Budgets, outline the latest Companies House verification requirements, and highlight payroll changes coming in April 2026. We also cover progress on Making Tax Digital for Income Tax, review the performance of our MGTS Qualis Funds, and take a closer look at, what happens to the tax you hand over to HMRC in our ‘Where all the money goes’ feature.

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News and Events

Staff & Community News

At GWA, we are always proud to support and engage with the vibrant communities across Berwick-upon-Tweed, North Northumberland, and the Scottish Borders. These past few months have been no exception, with our team actively involved in a wide range of local events and initiatives.

MGTS Qualis Funds – Performance Update

The MGTS Qualis Funds entered 2026 with strong momentum following an impressive 2025. A defining theme across both portfolios has been disciplined diversification, with performance driven by a broad range of uncorrelated positions rather than dependence on any single macroeconomic call.

Budget Overview for both the UK and Scotland

Chancellor Rachel Reeves’ second Labour Budget was delivered in late November 2025 amid lots of speculation as to possible tax changes and given the backdrop of the significant changes made in the previous year.

Making Tax Digital for Income Tax

As we move into spring and edge closer to April 2026, the upcoming changes under Making Tax Digital for Income Tax are becoming increasingly important for individuals with trading or property income.