Chartered Tax Advisers & Accountants

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SCOTTISH BUDGET 2018 - A TAX ADVISER’S HEADACHE!

Published On: 15/12/2017

Amidst the headlines of all the new tax rates and who will and won’t be better off, there probably won’t be many who will feel too much sympathy for tax advisers.  However following the changes announced yesterday, those of us advising Scottish taxpayers will now be dealing with one of the most complex tax systems in Europe.

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Tax Thresholds

Published On: 15/12/2017
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Scottish Budget 2017

Published On: 14/12/2017

This afternoon, the most significant changes in recent times to the Scottish Income tax system were announced.  These were much wider ranging than anticipated and will, in addition to having a direct impact on the finances of Scottish taxpayers, undoubtedly add a huge amount of complexity to the calculation of tax liabilities for many of our clients due to the way these new rates will interact with other taxes that are still under the direct control of the UK Treasury.

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Autumn Budget 2017 - At A Glance

Published On: 24/11/2017 Read more

Autumn Budget 2017 - For What It's Worth!

Published On: 24/11/2017

As announced earlier this year, there will now only be one Budget each year (instead of the 2, and sometime 3, fiscal events that have been experienced over the years).  We expect future budgets may contain a bit more detail on tax.  On a positive note, we now know what will be the position for the rest of this tax year, as well as certainly the first half of the 2019 tax year.  However, despite the significance of being the only budget for a 12-month period, the Chancellor played it fairly safe. 

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