Common Financial Statement to continue

Scottish statutory solutions will continue to use the Common Financial Statement past April 2020.

Updated spending guidelines will be made available to licence holders in early 2020.

The Scottish Government is currently undertaking a consultation on users’ experience of the Common Financial Tool as part of the wider consultation covering the 2015 reforms introduced through the Bankruptcy and Debt Advice (Scotland) Act 2014. The consultation is available here.

This will inform future developments beyond April 2020.