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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
Market Commentary January 2020As the coronavirus emerged as a threat to not only the Chinese economy but that of the global economy as well, the FTSE 100 followed other major indices and retreated into negative territory.
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.
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