In November 2024, an ICAEW roundtable held in Edinburgh convened leaders from across Scotland’s energy sector to discuss the key challenges to scale deployment of green transition infrastructure in Scotland. The event included renewable energy developers, capital providers, and policy stakeholders; amongst other leaders in the advisory space.

The latest national Business Confidence Monitor (BCM) for Q4 2024 shows a significant decline in sentiment from the previous quarter, with confidence only just remaining positive, as businesses digest the implications of the proposed tax increases in the Autumn Budget and domestic sales growth eased.

The Scottish government has set out its tax plans for 2025 to 2026, announcing changes to the income tax starter and basic rate bands and an increase in the rate of the additional dwelling supplement for land and building transaction tax (LBTT).