News

New Ewe Hogg Support Scheme

09 September 2015

Claims can now be made (on-line or on paper) for the Scottish Upland Sheep Support Scheme which will provide subsidy to businesses which (among other conditions) have

1.  home-bred ewe hoggs
2.  80% of their land in Scotland's Basic Payment Region 3
3.  no more than 200 ha of land in Scotland's Basic Payment Region 1
4.  completed a SAF

Payment rates will depend on the number of ewe hoggs claimed with the scheme having a budget of €8 million.

The claim window closes on 16th October 2015


UK Film Tax Credit Changes

24 August 2015

Government plans to extend tax breaks for the British film industry have been approved by the EU

Under the UK Film Tax Credits Scheme, film production companies can claim tax credit relief of 25% of eligible costs of production.

Chancellor George Osborne said he hoped the move - first announced in the Budget - would help attract more blockbuster productions to the UK.

But it needed to be passed by the EU under state-aid rules that control government support for companies.  EU state-aid rules control the giving of a competitive advantage to companies through government support.

The new tax relief will now apply to films of all budgets, where previously the 25% relief was only offered to movies with a budget under £20m.  Larger productions received a 20% rate of tax relief beyond that level.  The new rate will be backdated to April 2015.

Stewart Gilmour & Co has already assisted several of its film production clients to obtain funding through the UK Film Tax Credit Scheme and is currently doing so for the remake of the classic Ealing Comedy, "Whisky Galore", likely to be the biggest budget film shot in Scotland this year.  The Treasury indicated that 222 films received such support in 2014.


David Wood CA

04 April 2014

Stewart Gilmour & Co are delighted to announce the appointment of David Wood as a consultant to the firm.  A former partner in Henderson Loggie and Sinclair Wood & co, David brings a wealth of knowledge and experience of business operations to the practice, which will now see a significant expansion of its Glasgow office as a result.  His areas of expertise include tax and strategic planning, tax investigations, business advisory for SMEs and acting as company "doctor"


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