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Latest Legal News

Latest Legal News

Are You Ready For The New Tax Year?

The new tax year is now only a week away. The following are some of the main changes affecting individuals and executors:

Scottish PAYE tax codes

For the first time, the Scottish Parliament has the power to independently set all income tax rates (other than those which apply to savings and dividend income) and bands applying to Scottish taxpayers. It has chosen to keep income tax rates and bands comparable with Westminster with one exception – the band at which taxpayers start paying higher rate tax will remain at £43,000.

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Burness admin

The Continuing Consequences Of The Mac Review...

Following our previous update which set out phase one of the government’s strategy to implement the proposals put forward by the Migration Advisory Committee (“MAC”) in connection with Tier 2, phase two of these changes is expected to take effect from 6 April 2017.  This phase brings the following key changes which UK businesses will need to be aware of when taking on migrant workers:

  • Immigration Skills Charge (“ISC”):  The ISC is to come into for

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Burness admin

Open Banking - A Tech Revolution?

David Goodbrand

This week sees the launch of Stage 1 of the Open Banking initiative.   Responding to the concerns highlighted by the Competition and Markets Authority’s (CMA) retail banking investigation, the Open Banking initiative aims to take advantage of the continuing developments in technology (and fintech in particular) to give customers more choice on how they manage their money and finances.  It will enable customers to share data securely with third parties, compare products on the basis of their own requirements and manage their accounts without having to use t

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Burness admin