Posts Tagged Tax

26 February 2026

We have recently updated our Scotland vs England Taxpayer comparison from our original blog post of January 2024. Following the…

Stocks started the year with gusto and many of the world’s major indexes gained between 2% and 6% within the first fortnight. However, since then the American market has been particularly weak and there have been signs of profit taking in certain areas.

Shona Robison’s final Scottish Budget for 2026/27 was delivered yesterday after a delay caused by the late UK Budget, marking a pivotal moment ahead of the May Holyrood elections and her departure from frontline politics. The Budget sets out tax, welfare, and public‑service plans that will shape Scotland’s political debate over the coming months.

We enter 2026 with US stocks dominating the global market while trading on expensive valuations. A small number of tech stocks account for a large portion of US returns and they are increasingly tied to the fortunes of the AI industry. These are certainly risks to be aware of.

Stocks had a small dip in November, before recovering back towards their previous highs. The longest US government shutdown in history had a negative effect, before coming to an abrupt end and allowing stocks to rally.

Yesterday, Wednesday 26 November, Chancellor Rachel Reeves delivered her second budget. We have sifted through the details which we feel will be the most significant to our clients, and we hope the following review will be helpful.

Another month, another gain for stock markets. It can’t continue like this forever and there are clear signs of profit-taking in some of the most popular trades. This feels like a test to see whether a renewed bout of “buy-the-dip” behaviour will drive stocks to fresh highs once the US government re-opens.

We need your accounts records and personal tax information.

If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC.  This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.

Further to our article in December 2024 and with the tax regime for furnished holiday lettings ending in April 2025, there are practical issues that affected property owners need to know about.

Attention! An important change in legislation will be taking affect in April 2026 which will affect payroll processes.