Blog5th Dec 2024Scottish Budget 2025/26 – What are the Key Tax TakeawaysCompared to Labour’s Autumn statement, the Scottish Budget had relatively few tax policy announcements, focusing instead on their plans to spend revenue in this financial year. The key Scottish devolved tax changes set out by the SNP were as follows:…By Lynn Gracie and Jill WalkerView more
Blog6th Apr 2024Are The Goalposts On Salaried Member Rules Moving?What are salaried member rules? The salaried member rules for Limited Liability Partnerships (“LLPs”) were introduced in 2014 to ensure only those members who held a genuine ‘partner’ role were taxed as self-employed individuals, such that those with arrangements closer…By Jill WalkerView more
Blog19th Oct 2023SNP Tax Rises: What Could the Future Hold for Scottish Taxes?The Programme for Government published on 5 September by the Scottish Government has promised to deliver “the most progressive tax system in the UK.” This has led many to speculate about potential SNP tax rises in the next Scottish Budget.…By Jill WalkerView more
Blog12th Sep 2023Are Inheritance Tax Rules Changing?Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled as…By Jill WalkerView more