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Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.

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Alexandra Docherty

Alexandra Docherty

Tax Partner

03 March 2021

  • Private Client Tax
  • Budget
Budget 2021: Tax administration for income tax

Upcoming changes to income tax penalties were announced in the Spring Budget. Due to come into effect from 6 April 2023, these will ease the pressure on those experiencing short term payment difficulties.

Michael Murray

Michael Murray

Construction & Property Incentives Partner

03 March 2021

  • Construction & Property
  • Budget
Budget 2021: Construction and Property Incentives

Described by the Chancellor as “the biggest business tax cut in modern British history”, a super deduction was announced in the Budget allowing companies to cut their tax bill by up to 25p for every £1 they invest in qualifying plant and machinery. This is a positive move from the Government which will position the UK’s Capital Allowances regime as one of the most competitive in the world. Business rates relief for eligible retail, hospitality and leisure properties in England will also continue.

Max Chassels

Max Chassels

Tax Director

02 March 2021

  • Private Client Tax
  • Budget
Chancellor faces tough decisions if optimism is to spring from March Budget

On March 3, the Chancellor will map out the next phase of the UK Government’s COVID-19 recovery strategy in his Spring Budget - the question is: which areas will be used to plug the huge spending gap the pandemic created or will he choose to invest further to stimulate growth and put tax rises on hold? And how will it affect the local economy in the North East?

Andrew McMillan

Andrew McMillan

Tax Director

02 March 2021

  • Technology & Life Sciences
  • Innovation taxes
  • Budget
Hope for Dundee as innovation likely to figure high in Rishi’s recovery plans

After spending £280bn on the government’s response to the pandemic and pledging a further £55bn this year there is no doubt that Rishi Sunak will be looking to plug the funding gap. Dominating the headlines has been the introduction of levies or taxes that will target the industries that have done well out of COVID-19, such as online retailers and the supermarkets.

Mark Houston

Mark Houston

Glasgow Office Head, Tax Partner & Vice-Chair

26 February 2021

  • Corporate Tax
  • Innovation taxes
  • Private Client Tax
  • Budget
A critical Budget balancing act is required from Rishi Sunak

It will go down as one of the most well-worn clichés of recent times but the last year really has been unlike any other that we have ever experienced. With that in mind, you have to feel a certain level of sympathy for Chancellor of the Exchequer, Rishi Sunak, who is currently preparing his first budget in 12 months.

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