The MAGAZINE

Regulatory Updates

Scottish Budget 2024

Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26.  Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher

woman on phone discussing business relief

How changes to IHT Business Relief could impact your business

There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief

We have a new Labour government

We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware

Scottish Budget 2023

On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.

Scottish Budget 2024

Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26.  Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher

woman on phone discussing business relief

How changes to IHT Business Relief could impact your business

There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief

We have a new Labour government

We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware

Scottish Budget 2023

On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.