When we were faced with the pandemic early last year, the impact of this unprecedented situation on dealmaking in the north east, and across Scotland, was felt almost immediately.

Scotland, along with the rest of the world, is being challenged on its climate impact that we know must be addressed. Aberdeen, as a recognised energy hub and the entire north east of Scotland – indeed the whole nation – has a vital role to play in the green economy recovery as we aim to reach the ambitious target of net zero emissions for greenhouse gases by 2045.

Dramatic landscapes, white sandy beaches and charming cities, towns and villages are all but a few reasons why Scotland is on so many people’s travel lists. As well as the few reasons listed, Scotland can be considered one of the world’s most attractive food destinations. Like many of us, I long for venturing abroad to fulfil my foodie/travel needs, but I do believe that we have just as much to offer, so long as you pack for all four seasons at any time of the year!

HMRC action

The UK still provides significant UK tax mitigation strategies for overseas income sources where you are tax resident here, but not UK domiciled (Non Dom). HMRC are looking very closely at this group of individuals and have recently issued “Nudge letters” asking them if they are confident their tax liabilities have been reported correctly, particularly targeting those who have been resident in the UK for a number of years.

As in life, the Energy Transition and achievement of Net Zero, in my mind, is about balance. The goal to reach Net Zero is quite rightly high on the global and political agenda and we all have a role, a responsibility as individuals to play our part in its success over the coming years and decades.  

In a disruptive and rapidly changing world, never before has organisational agility been so important.