Tax tips and advice: Scott-Moncrieff

Arts & Business Scotland will be working in partnership with Scott-Moncrieff, Scotland’s oldest accountancy firm, over the next three years to provide cultural organisations with invaluable tax advice.

Four tax guides - General Tax, Gift Aid, Corporate Tax and VAT are being developed accompanied by associated training workshops. This in-kind sponsorship arrangement between A&BS and Scott-Moncrieff sets out to provide charitable cultural organisations across Scotland with the latest information on making the most of the tax benefits they are eligible for.

In addition Scott-Moncrieff will be providing A&BS with the latest news on tax law amendments as they appear. A series of tax tips from Scott Moncrieff including Gift Aid and VAT, Theatre Tax relief, Museums and galleries Tax Relief, Orchestra Tax Relief and Corporate Sponsorship and Corporate Tax are available to download. 

HMRC guidance on Museums and Galleries Tax Relief can be found here

Additional advisory tax soundbites will be added as and when tax law changes may arise.

Principal members Scott-Moncrieff is one of Scotland’s leading independent firms of chartered accountants and business advisers. Their expertise encompasses financial assurance, risk management, improving performance, taxation and wealth management. Accuracy and attention to detail are a given. But they're also open-minded, flexible and forward thinking.

Scott-Moncrieff has had a successful charities practice for 25 years and is established as Scotland’s leading not-for-profit adviser. Their specialists have a wide-ranging and comprehensive knowledge of the issues facing the sector and are recognised as experts in their field. Many of their staff serve as trustees on charity boards.