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  1. Blog27th Jan 2023

    Paul Woodward, Senior Customs Consultant

    How To Steer Clear of Double Duty Charges

    With all the changes that have impacted traders since the United Kingdom (UK) left the European Union (EU), one of the greatest challenges faced by importers is customs duty liability. Customs duty is now potentially due on all goods imported…

    By Paul Woodward

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  2. Blog26th Jan 2023

    Jill Walker, Private Client Director

    Self Assessment Tax Return Deadline Around The Corner

    The deadline for completing your 2021/22 self-assessment tax return online is 31 January 2023 and those who file one later than that will usually have to pay a fine. HM Revenue and Customs (HMRC) announced at the start of January that…

    By Jill Walker

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  3. Blog25th Jan 2023

    Four people sat around a board room table having a meeting

    The Importance of Succession Planning For Family Businesses

    Family businesses are the backbone of the UK economy. Accounting for over 88% of private companies in Britain and providing upwards of 13 million jobs. Family firms have shown they can be adaptable, entrepreneurial, innovative, and forward-thinking as many have…

    By Paula Fraser

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  4. Blog17th Jan 2023

    Lynn Gracie, Private Client International Tax Director, Professional headshot

    The hidden tax pitfalls of cryptocurrency

    If cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk…

    By Lynn Gracie

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  5. Blog13th Jan 2023

    Stock image of man working at computer

    IR35 twists and (U) turns- what it means for employers

    IR35 reforms have been a popular (or not so popular) talking point for businesses in the last year, with the initial reversal in the Truss/Kwarteng controversial mini budget, which included the repeal of the IR35 changes, and all too quickly,…

    By Gillian Forrest

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  6. Blog22nd Dec 2022

    AAB group stock photo

    2022 Sector Year in Review

    This year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked…

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  7. Blog20th Dec 2022

    Michaeala McCombie business advisory services assistant professional headshot

    Annual Tax on Enveloped Dwellings (ATED) valuation date changes

    Are you aware of the valuation date changes for Annual Tax on Enveloped Dwellings (ATED)? What is ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an…

    By Michaela McCombie

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  8. Blog19th Dec 2022

    Picture of AAB Aberdeen Office

    2023-24 Scottish Budget Tax changes

    After a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…

    By Jill Walker

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  9. Blog13th Dec 2022

    Professional headshot of Paula Fraser

    What challenges are family businesses facing today?

    The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused…

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  10. Blog12th Dec 2022

    Professional headshot of Estelle Hope

    Food & drink sector dos & don’ts for cost of living crisis

    The soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With…

    By Estelle Hope

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  11. Blog8th Dec 2022

    Professional headshot of man

    Say hello to HMRC’s new VAT penalty & interest rules

    The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.…

    By Alistair Duncan

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  12. Blog7th Dec 2022

    Professional headshot of woman

    Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debt

    The High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery…

    By Nicola Rollings

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