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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.

Latest News

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January 23, 2020

Research & Development Claim Settled!

Our EQ Taxperts recently completed a Research & Development (R&D) claim for an engineering and manufacturing client based in Scotland, resulting in a client saving of £103,433! Our…

January 22, 2020

Research & Development Tax Credits In The Agricultural Industry

Historically the majority of agricultural businesses operated as partnerships, however with many now trading as limited companies, they have potential to claim for Research & Development (R&D) tax credits….

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