The 2017 Budget held many important points for individuals and organisations alike. Download our pdf summary of changes and points to consider.
You can also download:
- Our summary of the key points on Storify (opens a new page)
If you have any questions about the Budget, contact us.
Scottish Budget 2016/17 Measures Announced
John Swinney, Deputy First Minister today (16 December 2015) outlined his vision for the Scottish economy in his Budget announcement to Holyrood. This comes in the face of the current debate in Westminster over the Scotland Bill, which contains a proposal for greater controls over income tax but would not come into force until 2017 at the earliest. Mr Swinney added that he aims to set out a longer term vision on income tax ahead of the May 2016 election.
Other key announcements included:
- Scottish Rate of Income tax will be set at 10p in the pound recognising that any increase will have a greater impact on low earners and will be reviewed in 2017
- A 3% levy on Land and Buildings Transaction Tax on the purchase of some second homes from April 2016
- Increase in free childcare for three and four year olds to 1,140 hours per year in the next parliament
- £33m for a school attainment programme to try and close the attainment gap between the wealthiest and most deprived pupils
- Council tax to be frozen for the ninth consecutive year
- An additional £55m for Police Scotland
- An extra £45m next year for the NHS to fund improvements and develop new models of primary health care
- An increase of £90m for affordable housing for next year
- £4m for south of Scotland flood relief
- A review of the business rates system to be launched
If you have a query about any items announced today, please contact Hazel Gough.
Click on each link to see analysis, news and commentary produced at the time of each budget.
The 2016 Budget
- Our infographic that contains key changes for a snapshot of what’s new
- Our 2016/17 tax rates guide (pdf)
- Our 2015/16 Year End Tax Review (pdf) is also available, and contains points to consider for the end of the financial year
The 2015 Budget
- Hare today, gone tomorrow
- The Summer Budget 2015
- Download our 2015 Budget summary
- Property income changes in the Summer Budget
- Download our Summer Budget Summary and Tax Card
- Budget 2015 – Key Outcomes for SEIS and EIS Investors – Infographic
- What do we want to see in the 2015 Budget for SEIS/ EIS investors?
- Budget commentary – man alive, number five!
- Budget 2914 – Key announcements for charities
- What we saw in the Budget for SEIS/ EIS investors
- Download our Free Budget 2014 Summary and Tax Rates Card 2014 – 2015
- What Do We Want To See In The Budget For SEIS/EIS Investors?
- Budget 2014 – Key Announcements