Scottish Government

The Chartered Institute of Taxation (CIOT) has responded to the Chancellor’s announcement last week, that the UK basic rate of income tax will be reduced to 19p and the UK additional rate of income tax abolished from April 2023. These changes will not apply to Scotland, where the power to set

Ten companies have been awarded a total of £9.4 million to help Scottish industries reduce carbon emissions through decarbonisation and energy efficiency projects. The recipients from the second round of the Scottish Industrial Energy Transformation Fund (SIETF) are predominantly involved in t

Strategies to attract foreign investment and open up international trade for Scottish companies have reported successful results. Business minister Ivan McKee told the Scottish Parliament that the export growth strategy, A Trading Nation, has delivered an additional £3 billion of planned inter

Around £500 million in savings have been found as resources are focused on tackling the “harsh reality” of the cost of living crisis, deputy first minister John Swinney has said. He updated the Scottish parliament on steps being taken to meet the increased costs of public sector pa

Leaders from the world’s largest financial institutions have arrived in Edinburgh for a summit to address the climate emergency and other pressing global challenges.

The outcome of the Scottish Government’s Emergency Budget Review will be set out to Parliament within two weeks of any UK Government Emergency Budget, Deputy First Minister John Swinney has said. Liz Truss could hold an emergency budget or other fiscal event after taking office in an attempt t

Finance leaders have welcomed a statement issued by deputy first minister John Swinney today, committing both the Scottish Government and one of Scotland's biggest industries to maintaining close collaboration aimed at tackling the "rapidly escalating" cost crisis for households and businesses. The

Leaders from the world’s largest financial institutions are to meet in Scotland to discuss progress towards positive global change as the COP26 anniversary approaches. The World Bank, the Bank of England, and major finance and investment firms will be present at the key summit in Edinburgh, in

A new group has been established to help Scotland’s retail sector as it recovers from the pandemic has discussed soaring energy costs and the impact of Brexit.

The benefit of international trade to Scotland’s economy has been underscored after new figures from Scottish Development International (SDI) revealed exporters will provide a significant boost to the nation’s finances.

The Scottish Government has announced that thousands of businesses can now apply for up to £15,000 to help retrain and upskill their workforce. The Flexible Workforce Development Fund provides workers in organisations of all sizes with access to training courses through local colleges, the Ope

The Scottish Government has backed Federation of Small Businesses (FSB) calls for an energy price cap to be extended to small businesses. The move came as First Minister, Nicola Sturgeon, gathered industry leaders at Bute House for an emergency summit on the mounting energy price crisis.

New figures show Scotland’s public finances are recovering from the coronavirus pandemic faster than the UK as a whole. The Government Expenditure and Revenue Scotland (GERS) 2021-22 statistics show Scotland’s deficit fell by 10.3%– compared to a drop of 8.4% for the UK.

Wylie & Bisset, accountants and business advisers, has suggested the Scottish Government Resilience Committee could consider a review of Scotland’s income tax rates to help mitigate the impact of the cost-of-living crisis currently affecting people and businesses. Chaired by the First Mini

The UK’s deal with New Zealand is “damaging” to Scottish farmers and food producers, according to the Scottish Government. The UK’s Free Trade Agreement with New Zealand will allow for much higher quantities of produce to come into the UK tariff-free, leaving “a lack of