The main distinction between the UK LTD & Scottish LTD company is that of the place of business. All SLTD companies must have their registered office located in Scotland and all necessary filings are made to the Registrar of Companies in Scotland. Scottish LTD companies are becoming very popular in place of the UK LTD as they are not heavily utilised in the industry.

The tax rates for the Scottish LTD Company are the same as UK LTD companies and the same audit critiera will also apply.