Christmas Holidays
We are closed from Friday the 20th December reopening on Monday the 6th of January. Wishing everyone a Happy Christmas and a prosperous New Year from all at Sutherland Black.
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News
The Tax Treatment of Double Cab Pickups from 2025
Understanding the Changes Hidden away on page 133 in the notes to the 2024 Autumn Budget, the government has announced changes to the tax treatment of double cab pickup vehicles (DCPUs). Following a Court of Appeal judgment, these updates will come into effect in April 2025 and redefine how these vehicles are treated for tax
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2024 Autumn Budget In Depth Briefing
2024 Autumn Budget In Depth Briefing Welcome to our in depth budget briefing. If you would like any help with any of the issues raised here please do not hesitate to get in touch here. Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive
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Preparing for the October 2024 Budget: Key Considerations for Small Businesses
Pre Budget Tax Update As the 30 October 2024 budget approaches, small businesses should be preparing for potential tax changes that could significantly affect their finances. While the full details won’t be known until the official announcement, speculation is growing around key measures that businesses, especially directors, need to consider in advance. One of
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Scottish Budget – December 2022
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
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Autumn Statement Update For Scottish Businesses
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
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Mini Budget Update For Scottish Businesses
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
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Spring Statement 2022 Summary
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
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Corporation Tax Changes 2023
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
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Cash Flow – Where Does The Money Go ?
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
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