Talk to the Taxperts

01382 312100

Scotland – A Great Place To Do Business

Scots are noted for their modesty, so much so that for many, doing business in Scotland remains a very well kept secret.  Who knew that Scotland was a great place to take advantage of attractive tax reliefs?

Currently, Scotland adopts a competitive rate of corporation tax of 19%, which is scheduled to drop further to 17% on profits earned on or after 1 April 2020.  At the time of writing, the two Conservative leadership candidates, Boris Johnson and Jeremy Hunt, have both pledged to cut corporation tax further still with rates of 12.5% being bandied about.

Corporation tax is set by the UK government, but what makes Scotland extra special as a place to trade are the number of non tax matters such as:

  • Availability of skilled labour,
  • High quality commercial property,
  • An excellent healthcare system,
  • Enhanced levels of grant funding for new entrants and those promoting growth,
  • And, of course, the wonderful people of Scotland.

Scotland has a lot to offer international businesses and we should be promoting that fact.

If you would like to discuss doing business in Scotland, please contact our International Taxperts.

Latest News

View all latest news

August 31, 2023

Advisory Fuel Rates For Company Cars

The new company car advisory fuel rates (AFRs) published by HMRC take effect from 1 September 2023. The AFRs for journeys undertaken from 1 September are: After being…

August 16, 2023

Maximising Tax Benefits For Leisure Sector Businesses

Running a business in the leisure sector is all about bringing joy and relaxation to your customers. However, when it comes to tax, it’s essential to ensure your…

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

Visit EQ Accountants Visit EQ Accountants

Explore the full range of EQ Expertise