Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
06 February 2020
Draft Scottish Budget 2020/21: what you need to knowThe Budget sets out the tax and spending plans for the year ahead and these proposals now need votes from opposition parties to pass the measures. The key tax announcements in the Scottish Budget included minimal changes to Scottish income tax bands for 2020/21 and a new charge for LBTT on certain leases that comes into effect from tomorrow (Friday 7 February) - to read more about the LBTT changes read Paul McGonigal’s blog.
06 February 2020
Scottish Budget 2020/21 - increase to LBTT rate for non-residential leasesKate Forbes, Minister for Public Finance and Digital Economy, announced an increase of LBTT from 1% to 2% on certain non-residential (commercial) property leases, with effect from 7 February. The increase comes into force the day after the Budget announcement, but is still subject to Royal Assent.
05 February 2020
HMRC has announced there are to be changes to the Employment Allowance (EA) which could affect a significant number of businesses currently eligible to claim. Michael McAllister outlines what employers should be aware of in this short blog.
29 January 2020
A busy Brexit month aheadAs Brexit day approaches on 31 January, momentum continues to build as the final hurdle has been passed - the European Parliament has ratified the Withdrawal Agreement Bill, after the heads of the European Commission & Council signed their consent earlier in the process.
27 January 2020
Jack’s Law: Statutory parental bereavement leave rules to come into force from April 2020New rules have been announced by the UK Government entitling parents who suffer the loss of a child to two weeks’ statutory parental bereavement leave (SPBL) from April 2020. Parents employed in a job for six months or more will also be able to claim statutory pay for the two-week period. It is estimated that the new regulations will help to support around 10,000 parents a year.
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