Publish Date

Mar 29, 2023

A&M Scotland Assest Managers Briefing Note – Volume 29

Asset Managers Briefing Note


A&M is delighted to announce the expansion of its Scottish service offerings with the launch of a new restructuring team operating across our offices in Edinburgh and Glasgow. The team launched in October last year and since then has grown rapidly to form a team of highly experienced professionals who are well placed to support Scottish corporates and funds in navigating today’s challenges. As an honest and independent advisor we instinctively have a bias towards taking action that drives results.

The team is led by Ben Cairns, a Managing Director who has been with A&M since 2017. Ben has more than 20 years’ experience advising boards and stakeholders in restructuring situations. Prior to joining A&M, he spent 23 years with EY, where he was Partner, leading teams in the core restructuring practice.

He is supported by Kevin Lamb, a Senior Director based in Edinburgh and Roddy McKellar, a Director based in Glasgow. Both bring significant experience advising businesses in Scotland, from those in distress to those facing underperformance and liquidity challenges, helping them emerge stronger.

The opening of the Edinburgh office and expansion in Glasgow mean that A&M now has an on-the-ground presence in six cities across the U.K. including Birmingham, Manchester, Leeds and London.


On Wednesday 15 March 2023, the Chancellor of the Exchequer, Jeremy Hunt, presented his Spring Budget 2023 to the UK Parliament.

Our detailed summary of the Spring Budget 2023 can be found here.


In December 2022, HM Revenue & Customs announced that the first phase of Making Tax Digital for Income Tax Self-Assessment would be delayed for two years from April 2024 to April 2026.

Under the proposed first phase, the minimum income reporting level for individuals with self-employment income and property income will be £50,000 with those individuals with income over £30,000 required to join Making Tax Digital for Income Tax Self-Assessment in April 2027. Making Tax Digital for Income Tax Self-Assessment will now not be extended to General Partnerships in 2025 as was previously announced although it may apply in the future.