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Wales set its Budget for 2025-26 this week, the CIOT and ICAEW create a benchmark for HMRC service standards, and as Managed Service Companies (MSCs) hit the headlines again we consider why MSCs are a problem for accountancy firms.

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Hello
Wales set its Budget for 2025-26 this week, the CIOT and ICAEW create a benchmark for HMRC service standards, and as Managed Service Companies (MSCs) hit the headlines again we consider why MSCs are a problem for accountancy firms.

Tax and accountancy bodies have completed a survey of HMRC’s service levels with some uncomfortable findings: well over a third of calls to HMRC are unproductive. The data harvested sets a new baseline standard for improvement and, future monitoring has now been established.
Mark Drakeford, Cabinet Secretary for Finance and Welsh Language set out the 2025-26 Welsh Budget on 10 December 2024.

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Scotland has set its budget for 2025-26, we look at the UK's Corporation Tax roadmap and reforms to Carried Interest. We are now in office party season and it's still raining in many places. 'Ho, ho ho: is it beginning to feel a bit like 'Christmas'?
'A budget by Scotland, for Scotland', tax highlights of the Scottish Budget 2024 speech given by Shona Robison, Cabinet Secretary to the Scottish Parliament on Wednesday 4 December 2024.

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We have a new Agent Update from HMRC, together with a subscriber special on Employment-Related Securities. We have been testing the new GOV.UK Chat. As always we have a broad selection of tax case summaries and other news and updates. Have you heard of PISCES?
