A new analysis from the Scottish Retail Consortium has suggested shops in Scotland could see a £13 million hike in their business rates bills from April.
An Aberdeen tax expert has warned that potential drastic changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) as part of Labour’s Autumn Budget could stifle wealth creation and cost the Treasury more than it hopes to generate.
Dundee-based SPAR wholesaler and convenience retailer CJ Lang & Son Ltd has reported a 14.2% rise in net turnover to £253 million and an 8% increase in pre-tax profits to £4m for the year ended 28 April 2024.
Scottish business fears are growing over potential tax increases and the uncertainties surrounding the upcoming Autumn Budget, according to the Scottish Chambers of Commerce (SCC).
Several of Scotland’s business and sector organisations have called on the UK government to reduce the tax burden on Scotland’s national drink ahead of the 30 October Budget.
Graduates and young professionals were urged to “stay curious” as around 125 north-east businesspeople descended on Aberdeen’s Union Kirk for a night toasting the achievements of those working within the financial planning and insurance sectors.
The number of Scottish SMEs claiming R&D tax credits has dropped by 16% in 2022/2023 compared to the previous period, despite a 10% rise in the value of claims, reflecting that, whilst there are fewer claims, the size of each claim has increased.