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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.

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