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
Blog27th Nov 2024Capital Gains Tax- What’s In The Small Print?The recent budget introduced some highly anticipated changes to Capital Gains Tax (CGT). The expected alignment of Capital Gains Tax rates with Income Tax rates didn’t materialise and instead, the government opted for more modest increases in the rates. These…By 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