Tax changes for 2019/20

The winds of change are blowing through this spring, although they are nowhere near as strong as those that saw two new income tax bands introduced last year. That’s when the starter and intermediate rates were brought in as Derek Mackay exercised his right to alter...

Draft Budget: how will it affect you?

When Derek Mackay revealed his last Draft Budget in December 2018, not many people predicted the introduction of two new income tax bands. Nothing as radical was announced this time around, following the finance secretary’s decision to freeze the income tax rates for...

Tax-efficient ways to reward your employees

A business is much more than strategic goals and profits; it is often a collection of individuals, all with their own lives and families, working together towards a strategic goal. Employers often reward their staff for good results and provide them with benefits to...

Tax relief on medical exam fees during training contracts

Things have moved on from a couple of years ago where following the Dr Banerjee case the relief due was restricted to the exam fees paid to the Royal College of General Practitioners for the Applied Knowledge Tests and the Clinical Skills Assessment. These are now...

Tax relief on RCGP exam fees

This has been made available from the RCGP: “We are writing to give you the very welcome news that you may be able to receive tax relief on AKT and CSA examination fees paid since 2009. Based on the advice of tax experts, we have in the past informed our...