Budget

The Scotch Whisky Association (SWA) has criticised the Chancellor’s decision to further increase duty on Scotch Whisky has broken the Prime Minister’s commitment to "back Scotch producers to the hilt". In her first Budget, Chancellor Rachel Reeves announced an retail price index (RPI) in

Chancellor Rachel Reeves has confirmed a rise in capital gains tax (CGT) and employers' national insurance contributions (NIC) in today's Autumn Budget statement.

Scottish businesses have called for a competitive tax system and solutions to skills shortages in Chancellor Rachel Reeves' first Budget, according to Bank of Scotland. BoS' Business Barometer reported that when asked about the key areas they want prioritised to support their businesses, 46% of

Bruce Cartwright calls for transparency and a long-term focus in the upcoming Autumn Budget, emphasising the need for open communication about economic challenges and the impact of potential tax measures. It’s time for the government to be transparent with the public about the potential impact

As we approach the Autumn Budget, the energy sector faces significant challenges, and the stakes for the North Sea industry have never been higher, writes Mark Brown. Recent developments surrounding the UK government's fiscal policies, particularly the Energy Profits Levy (EPL), have stirred deep co

With one week to go until the Autumn Budget, and the anticipated publication of the Government’s business tax roadmap, companies in Scotland are calling for more certainty on taxes to help stimulate growth. According to the latest research from accountancy and business advisory firm, BDO LLP,

Scottish Land & Estates (SLE) has urged the UK government to use the upcoming budget to implement fiscal reforms that support rural communities, tackle climate change, and ensure the sustainable future of the rural economy. In a pre-budget submission, SLE outlines critical areas requiring g

Mid-market business confidence has faltered ahead of the Autumn Budget on 30 October, as profit growth expectations sink to a three-year low and confidence in their funding position continues a downward trajectory since the beginning of the year, according to Grant Thornton UK LLP. The business

Chancellor Rachel Reeves is expected to increase capital gains tax (CGT) on the sale of shares and other assets, but will leave the rate on second homes and buy-to-let properties unchanged.

Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship, according to analysis from the Institute for Public Policy Research (IPPR). Despite recent claims in the media by a few wealthy individuals, the think tank has consulted with several mill

With budget pressures rising, could the Chancellor sweeten the deal by adding VAT to some guilty pleasures? From cakes to caviar, here are three tempting tax ideas that could bring in revenue – without leaving too much of a bitter aftertaste. MHA VAT director Glyn Edwards, with a pinch of dry

An Aberdeen tax expert has warned that potential drastic changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) as part of Labour’s Autumn Budget could stifle wealth creation and cost the Treasury more than it hopes to generate. The upcoming Budget on 30 October, the first of the new Lab

Several of Scotland's business and sector organisations have called on the UK government to reduce the tax burden on Scotland's national drink ahead of the 30 October Budget. The Scottish Chambers of Commerce, UK Hospitality Scotland, Scotland Food and Drink, the Institute of Directors, and the Scot

Reforms to Inheritance Tax (IHT), Capital Gains Tax (CGT) and employer National Insurance (NI) could raise over £20 billion a year, and still pass a 'triple tax test' of improving tax efficiency, ensuring that tax rises fall on those with the broadest shoulders and not break Labour's manifesto

Scottish accountancy firm Wbg has urged entrepreneurs to prepare for potential capital tax hikes in Chancellor Rachel Reeves' upcoming budget on 30 October. The advice follows figures from the Office for National Statistics (ONS) showing that UK government borrowing hit a higher than expected £