Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish Government’s financial and tax plans. The announcement had been timed to take place after Chancellor of the Exchequer Philip Hammond delivered the UK Budget on 22 November 2017 in order to avoid ‘fiscal and economic uncertainty’.
We are pleased to provide you with this document
which highlights the Scottish Government’s income tax changes which are due to take effect from April 2018 and sets out further proposals for Land and Buildings Transaction Tax, Air Departure Tax and VAT.
If you have any questions or wish to discuss this further, please contact Murray Graham in our Norwich office on 01603 663300 or Paul Briddon in our Lowestoft office on 01502 563921.