Charitable trusts registered in Scotland are beneficiaries of numerous tax exemptions. For the most part, UK law is applied evenly across Scotland, but there are some rules that apply only north of the border.
People or businesses in Scotland with income that’s not automatically taxed must report it in the form of a self-assessment tax return form. HMRC has an online self-assessment system to collect income tax.
If you’re a landlord about to buy a property to rent in Aberdeen or in Scotland, it’s important to consider tax rates in addition to your purchasing costs and solicitor’s fees. Read on to learn more about landlord tax in Scotland and the rest of the UK:
Suppose you are setting up a company in Aberdeen or Scotland. Or if you are established and are considering changing from a sole trader to a limited company. In that case, you want to make sure that you are aware of your legal responsibilities regarding paying tax in Scotland and how to register your new…
In small limited companies or family owned businesses (known as close companies), often the directors spend personally on behalf of the company when the company’s own cash flow is tight. Conversely, the directors may transfer money out of the company or spend out of the company for personal expenses.
