Scottish Budget

The Scottish Retail Consortium has called for injecting greater certainty into fiscal plans, spending restraint rather than tax rises, and tax competitiveness as central focus points in the upcoming Scottish Budget. In its Budget submission – entitled Realising The Growth Ambition – sent

Sixteen business representative groups have jointly written to the Scottish Government’s Deputy First Minister & Finance Secretary, Shona Robison MSP, to voice alarm at the Scottish Government’s consideration of a new business rate surtax and what it means for wider tax policy towar

The Institute of Chartered Accountants of Scotland (ICAS) has expressed significant concerns about the latest Scottish Budget, labelling it as "short-sighted" and ineffective in fostering long-term economic growth. Bruce Cartwright CA, Chief Executive at ICAS, said: “The Scottish government&rs

Finance Secretary Shona Robison has announced a series of fiscal, including significant changes to Scotland's income tax structure, in yesterday's Scottish Budget. A new 45% tax band will apply to earnings between £75,000 and £125,140, marking a shift towards higher taxation for wealthie

The Scottish Retail Consortium (SRC) has appealed to the Scottish Government to shield businesses from significant tax hikes in today's forthcoming Scottish Budget.

The Scottish Government has been faced with a £1.5 billion shortfall in funding for next year due to increased spending pressures and new announcements, according to the Fraser of Allander Institute at the University of Strathclyde. This represents one of the most challenging fiscal backdrops

Last month's Autumn Statement introduced numerous spending commitments, including adjustments in wages, pensions, benefits, and business rates, setting the stage for the upcoming Scottish Budget.

A number of Scotland's finance and business industry bodies have signed an open letter addressed to the Scottish Government ahead of next week's Scottish Budget due on 19 December. They have articulated their collective stance and concerns regarding the upcoming Scottish Budget, emphasising th

More than 400 hospitality businesses and workers have signed an open letter to the First Minister Humza Yousaf, urging him to save Scottish hospitality.

The Scottish Budget is under pressure to boost the housing sector, as highlighted by property firm DJ Alexander Ltd. The company's CEO, David Alexander, stresses the urgent need for governmental action, including stimulating private sector building, expanding social housing, and revising the Land an

The Scottish Government has voted to provide an additional £223 million to local authorities to support pay awards to staff as part of the 2023-24 Scottish Budget. Deputy First Minister John Swinney said an improving financial position enabled him to address some pressing asks. The extra money

The Institute of Chartered Accountants of Scotland's (ICAS) experts have examined key aspects of the Scottish Budget announcement and how this addresses issues affecting many, such as the freezing of tax thresholds and increase in income tax. On the key announcements in the Scottish Budget, Justine

Spending cuts of £615 million were announced by the Scottish Government in its emergency budget alongside measures help to those most impacted by the cost of living crisis. The Emergency Budget Review (EBR) for 2022-23 identifies funding of around £35m for a range of initiatives to suppo

Accountancy firms Johnston Carmichael, PwC, EY and KPMG, have responded to the 2022-2013 Scottish Budget announced by finance secretary Kate Forbes yesterday.  The finance secretary stated that ending Scotland’s contribution to climate change, tackling inequalities and investing in the ec

Ahead of this week's Scottish Budget, the Scottish Retail Consortium (SRC) has called for business taxes to be reduced to boost the retail industry. Retail is Scotland’s largest private-sector employer, providing a quarter of a million jobs. However, it is an industry in transition and recent