In brief: 26 September 2024

23 September 2024

Issue: 4954 / Categories: News

Scottish Budget

The Scottish government will deliver its 2024 Budget on 4 December.

tinyurl.com/scotgov2024budget

Budget responsibility

The Budget Responsibility Bill received royal assent on 10 September. The legislation requires the government to request a forecast from the Office for Budget Responsibility before it makes ‘fiscally significant’ announcements other than those that are temporary in response to an emergency.

tinyurl.com/budgetresact2024

Disability payments

The Income Tax (Exemption of Social Security Benefits) (No 2) Regulations SI 2024/901 amend ITEPA 2003 s 677 to insert a new row into part 1 of table B to exempt pension age disability payments paid by the Scottish minister from income tax. They come into force on 21 October.

tinyurl.com/si2024901

Infected blood compensation

The Infected Blood Compensation Scheme (Tax Exemptions and Relief) Regulations SI 2024/902 exempt compensation payments made under the infected blood compensation scheme from income tax and capital gains tax and relieve payments from inheritance...

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