While there were no broad increases to the main taxes, some of the most important announcements for accountants and bookkeepers were about how the tax system will work in practice. Decisions on tackling youth unemployment will follow next month’s Milburn review. One welcome change is confirmation that taxpayers joining Making Tax Digital next April will not receive penalty points for late quarterly submissions during that tax year. This breathing space will help AAT members guide clients through the transition and build confidence in meeting their new obligations. Looking further ahead, from 2029 some Self Assessment taxpayers will make more regular in-year Income Tax payments, while those with VAT and PAYE liabilities will need a Direct Debit in place. Once again, AAT members will be on the front line, helping individuals and businesses understand the detail, prepare early and manage change with confidence. In the weeks ahead, we’ll continue working with government to ensure the practical expertise of AAT members helps shape how these policies are developed and implemented. #AAT #Budget #Tax