Supporting Scotland’s Practitioners

Growth plan, funding and education for SMEs

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What the UK mini-Budget means for Scotland

While some of the Chancellor’s recently-announced tax cuts will not apply to Scotland, the plans – and particularly details on government, spending due to be in a UK Budget in late November – undoubtedly have implications for the Scottish Budget.

The Scottish government, which has responsibility for setting bands and rates of income tax, is due to set out its plans for income tax (and other devolved taxes, including the Land and Buildings Transactions Tax) in its draft Budget in early December.

However, the acting Cabinet Secretary for Finance, Deputy First Minister John Swinney, has announced that an emergency Budget review will report in the week beginning 24 October. This is expected to provide further details on how the Scottish government will address a predicted £500m shortfall in spending, as well as addressing the ‘cost-of-living’ crisis.

Barclays launches Eagle Lab in Glasgow

Adding to facilities in Edinburgh, Aberdeen and Kilmarnock, Barclays has now launched its latest Eagle Lab facility at the new Barclays campus in Glasgow. Eagle Labs offer SMEs with scale-up ambition access to mentoring, growth programmes and funding advice. Find out more.

Late payment discussion with Scottish MPs

Carrying on our work on the impact of poor payment practices for small businesses, we are undertaking a roundtable discussion in Westminster with MPs and the Small Business Commissioner in late October. Got feedback on worsening payment times? Let us know your feedback ahead of the meeting. Drop a line to susan.love@accaglobal.com and respond to our short survey.

Scottish SME funds update

Keep in touch

We really need your feedback, so please sign up on our member survey platform or drop Susan a line at susan.love@accaglobal.com.