The Scottish Government outlined their budget proposals for 2023-2024 today, on 15th December 2022. These proposals set out the tax and spending plans for the next couple of years and follow on from the UK Governments Autumn Statement of 17th November, outlined in our blog post here. The Scottish Government has limited taxation powers, including […]
Scottish Budget – December 2022 Read More »
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending
Autumn Statement Update For Scottish Businesses Read More »
Update 21/11/22 Please note this post has not aged well…….. The Health and Care Levy is still scrapped and the AIA £1 million limit is still permanent. However the other measures are scrapped! See our next post on the Autumn Statement. Tax Changes For Businesses In Scotland Welcome to our Mini Budget update for
Mini Budget Update For Scottish Businesses Read More »
The Chancellor of the Exchequer, Rishi Sunak, presented his Spring Statement to Parliament yesterday, Wednesday 23 March 2022, and we provide a summary below. We will post more detailed analyses of the changes businesses need to make to take advantage of these changes as the details are published by HMRC. Understandably, the Chancellor opened his
Spring Statement 2022 Summary Read More »
Update! As of the 23rd September 2022 this update has been cancelled! Corporation Tax will remain at 19%. Background to the Corporation Tax Changes The 2021 Budgets The March and October 2021 UK budgets included a whole raft of changes to the UK corporation tax regime, some of which are already with us, and some
Corporation Tax Changes 2023 Read More »
Cash Flow Forecasting With ever-increasing supplier prices and inflation at a 30 year high, managing your business’s cash flow is an essential tool in maintaining resilience and being able to adopt flexible strategies for success. Fund flows are a reflection of all the cash that is flowing in and out of a business. Owners can
Cash Flow – Where Does The Money Go ? Read More »
Covid 19 Statutory Sick Pay Rebate A reminder that our payroll team can help you reclaim statutory sick pay for employees who are off due to Covid-19. You can claim back up to 2 weeks of Statutory Sick Pay if: you have already paid your employee’s sick pay (use the Statutory Sick Pay calculator to work
Claim Back Sick Pay For Covid Absences Read More »
On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. Many of the spending announcements had already been leaked to the Press prior to Budget Day and arguably a lot of it was not new money. The Chancellor did however manage to keep a few surprises back for
October 21 Budget Update Read More »
VAT rate change on the 1st of October The temporary 5% VAT rate that has applied to supplies made in the tourism and hospitality sector since the start of the pandemic comes to an end at the end of September. The rate then increases to 12.5% from 1 October until 31 March 2022 when it
5% VAT Ending For Tourism and Hospitality Read More »
When we started Sutherland Black 15 years ago, I had no clue that we had a direct link to a long line of Edinburgh Accountants. In a bizarre twist of fate, I discovered that my great great great grandfather was involved in one of the first professional accounting bodies in Edinburgh that later contributed to
A History of Edinburgh Accountants Read More »
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