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Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government’s financial and tax plans.

The Scottish government announced that they will introduce a new Land and Buildings Transaction Tax (LBTT) relief for first-time buyers of properties up to £175,000.

The government has announced proposals to extend pensions auto enrolment to include younger workers and to amend the way in which contributions are calculated.

With many individuals having tax payments to make at the end of this month it is important to be aware that HMRC have announced that they will no longer accept payments made at the Post Office or by credit card.

HMRC are urging people to stay safe from a phone scam that is conning elderly and vulnerable people out of thousands of pounds.

The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017. Some of the key announcements are set out below.

At this time of year some employers may wish to make small gifts to their employees. In order for the benefit to be exempt it must satisfy the following conditions:

New company car advisory fuel rates have been published which took effect from 1 December 2017. The guidance states:‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car.

The Pensions Regulator is reminding employers that they need to comply with their auto enrolment duties.

The government have announced a delay to the roll out of tax free childcare which was expected to be fully implemented by the end of the year. From 24 November 2017 the service is available to parents whose youngest child is under 6 or who has their 6th birthday on that day. Parents can apply online through the childcare service which can be acces...