Scottish Budget

The Institute of Chartered Accountants of Scotland's (ICAS) experts have examined key aspects of the Scottish Budget announcement and how this addresses issues affecting many, such as the freezing of tax thresholds and increase in income tax. On the key announcements in the Scottish Budget, Justine

Spending cuts of £615 million were announced by the Scottish Government in its emergency budget alongside measures help to those most impacted by the cost of living crisis. The Emergency Budget Review (EBR) for 2022-23 identifies funding of around £35m for a range of initiatives to suppo

Accountancy firms Johnston Carmichael, PwC, EY and KPMG, have responded to the 2022-2013 Scottish Budget announced by finance secretary Kate Forbes yesterday.  The finance secretary stated that ending Scotland’s contribution to climate change, tackling inequalities and investing in the ec

Ahead of this week's Scottish Budget, the Scottish Retail Consortium (SRC) has called for business taxes to be reduced to boost the retail industry. Retail is Scotland’s largest private-sector employer, providing a quarter of a million jobs. However, it is an industry in transition and recent