Common Financial Statement to continue for 2019-20

Scottish statutory solutions will continue to use the Common Financial Statement next year.

Updated spending guidelines will be made available to licence holders as soon as possible.

The Scottish Government will undertake further consultation on users’ experience of the Common Financial Tool as part of the wider forthcoming consultation covering the 2015 reforms introduced through the Bankruptcy and Debt Advice (Scotland) Act 2014.

This will inform future developments from April 2020.