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This guide is based on UK, Scottish and Welsh legislation and announcements made up to 6 March 2024, the date on which the 2024 UK Budget was delivered, and Finance (No. 2) Bill 2023–24 was published.

The guide reflects our understanding of tax law and practice as at the date of publication but is not a complete and definitive guide and users are advised that UK tax law is subject to frequent and unpredictable change.

This guide is published with the understanding that Arnold Clark Finance Limited is not engaged in providing legal or professional services. The information contained in this guide does not constitute tax advice and users are advised that they should always obtain such professional advice before taking action, or refraining from taking action, on the basis of this information.

Every effort has been taken to compile the contents of this guide accurately and carefully. However, Arnold Clark Finance Limited cannot accept any responsibility or liability to any person in respect of anything done or omitted to be done by any such person in reliance, partly or wholly, on any part or on the whole contents of this guide.

All rights reserved. No part of this guide may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of Arnold Clark Finance Limited.

Official material is reproduced under the terms of the Open Government Licence .