Scottish Tax Update 2026 - Advising Sole Traders, Partnerships & OMBs

Introduction

Two UK Budgets and a Scottish Budget within just thirteen months have created a period of sustained and significant tax change. The cumulative impact on sole traders, partnerships, and owner-managed businesses is substantial - and still unfolding.

Key developments include increases in Employer National Insurance Contributions alongside reduced thresholds, higher Capital Gains Tax rates and the gradual erosion of key reliefs such as Business Asset Disposal Relief. Incorporation relief is no longer automatic, while dividend tax rates rise from April 2026. Capital allowances have been restructured, Making Tax Digital for Income Tax Self Assessment is now in force, and Inheritance Tax reliefs have been curtailed.

At the same time, Scottish taxpayers continue to operate within a five-band income tax system, with thresholds frozen until 2029 - bringing more individuals into higher rates each year.

In this timely webinar, expert speaker Gordon Buist will break down what has changed, when these changes take effect and - crucially - how advisers can support clients in navigating the evolving tax landscape.

What You Will Learn

This webinar will cover the following:

• Income Tax and National Insurance
• Scottish income tax rates and threshold implications
• Increases to UK dividend, savings, and property income tax rates
• Changes to Employer National Insurance Contributions
• The practical impact of Making Tax Digital for ITSA
• Capital Gains Tax
• Tax treatment of UK property disposals
• The future and relevance of Business Asset Disposal Relief
• Incorporation relief updates, including ESC D32
• Planning considerations for Employee Ownership Trusts
• Inheritance Tax
• Changes to Agricultural Property Relief
• Updates to Business Property Relief and planning implications
• Scottish Taxes
• Non-domestic rates - key developments
• Land and Buildings Transaction Tax updates
• Council Tax considerations for clients
• Planning Takeaways
• Practical strategies to mitigate rising tax burdens
• Identifying planning opportunities amid tightening reliefs
• Advising clients proactively in a higher-tax environment

This pre-recorded webinar will be available to view from Friday 19th June 2026

Alternatively, you can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.