It is so odd to think it has been over a year since the last of the Scotland Food & Drink Leadership Dinners, a chance for industry leaders to catch up and discuss the key issues facing their sector, whilst celebrating all that Scotland’s food and drink produce brings to the world.
The budget on 3rd March created further differences in tax charges when acquiring land and property, widening the very clear gap between rates of Stamp Duty Land Tax (SDLT) applying in England, compared with Land and Buildings Transaction Tax (LBTT) applying in Scotland.
What is ATED?
The UK Government’s £75bn Recovery Loan Scheme (RLS), launched earlier this week, to provide financial support to businesses affected by the pandemic. The scheme, which will be open until 31 December 2021, can be accessed to fund working capital, investment and growth. There is no turnover restriction for businesses accessing the scheme.
Many businesses have had to think on their feet in the past year as a result of COVID-19, but none more so than those in the charitable sector. The pandemic has provided new challenges, not only in providing core services to those in need but also in keeping on top of the day-to-day finances.
A year on from being hit by some of the biggest challenges the upstream E&P sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020. The oil price is riding above $63 at the time of writing and some, e.g. Goldman Sachs are predicting it could reach $80 by the third quarter.