News & Insights

On 13 January 2026, the Scottish government unveiled its Budget for 2026/27, setting out measures aimed at easing the cost of living, supporting public services and driving economic growth. Here’s a closer look at the main announcements, with a focus on tax changes and other significant developments.

Despite having a reputation as something of an Iron Chancellor, Chancellor Rachel Reeves has shown surprising signs of flexibility lately. A few days before Christmas the government sneaked out news that they would raise Inheritance Tax (IHT) thresholds for farmers and business owners. Following that, the Treasury has indicated that it will reverse course on business rates for pubs.

Here we look at the changes to previous announcements and consider if Ms Reeves will address other pain points for business in this year’s Spring Forecast Statement.

Ahead of the tax year end on 5 April 2026, it is crucial that your clients have their business and personal finances arranged to maximise their wealth. This blog considers ways in which your clients can make the most of the tax planning options available to them.

HMRC have published guidance on what to do to disincorporate a company.

At Mercia, we watched the Autumn Budget with great interest, despite the OBR blunder that led to the details being widely leaked before the Chancellor had a chance to address Parliament.

We recently launched your 2026 Training Programme, combining enhanced technical training with bold new content on technology, sustainability and professional skills.