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Jul 10 2020

Scottish Government’s plans to boost the Scottish Economy

Categories: COVID-19Taxation

In response to the Economic Statement delivered by the Chancellor on Wednesday 8 July, Finance Secretary, Kate Forbes, announced the Scottish Government’s plans to boost the Scottish Economy. To support homebuyers and help stimulate housing market activity and the economy, the threshold at which Land and Buildings Transaction Tax (LBTT) is paid will be raised from more

Jul 8 2020

Overview of announcements in the Summer Economic Statement

Categories: COVID-19LeisureTaxation

Chancellor, Rishi Sunak, delivered his Summer Economic Statement earlier today which was focused on economic recovery following the impact of coronavirus. He began by explaining that this second phase will be a £30bn “plan for jobs”, covering three key areas – Support to find jobs, Create jobs and Protect jobs. Please note that whilst most more

Jul 7 2020

Economic Statement – Wednesday 8th July

Categories: COVID-19Taxation

Tomorrow (Wednesday 8 July), the Chancellor, Rishi Sunak, will deliver an economic statement, where he will announce the start of measures intended to stimulate the economy and employment prospects. This is a big moment in the intended economic recovery and there has been much speculation as to the measures likely to be announced ranging from more

Jun 15 2020

We have helped clients save over £20m of R&D tax savings

Categories: EQ NewsTaxation

Our R&D taxperts have secured over £20m of Research & Development tax credits for companies across Scotland in a large variety of sectors. Over the last nine years, we have completed over 360 claims for innovative companies who have undertaken problem solving activities to adapt or create new processes or products, many of whom didn’t think they more

Apr 29 2020

Improving cashflow for the construction sector – VAT

Categories: COVID-19Property & ConstructionTaxation

During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As discussed in our previous article, Research & Development (R&D) tax credits can increase cash inflow however there are also various VAT relief options. The Governments VAT deferral scheme supports those affected by the COVID-19 pandemic by more