OUR LATEST INSIGHTS

Blog1st Apr 2019

When companies go bust, who gets what – Part 2

In November 2018, my article “When companies go bust, who gets what?” went live on the AAB website. As with all these things, it had been drafted shortly before publication date, and most crucially before the Chancellor’s budget on 29…

Blog26th Mar 2019

5.6 Million Offshore account details handed over ….  No surprise when HMRC confirms new strategy ‘No Safe Havens 2019’

Since 2010, the government has introduced over 100 new measures to tackle tax non -compliance, which have raised some £200 billion in additional revenue. This has been helped by the global exchange of information, where over a hundred countries have…

By Lynn Gracie

Blog25th Mar 2019

Brexit … now affecting UK Tax Return Late filing penalties

Self Assessment tax returns not submitted by the 31 January deadline, incur an automatic £100 late filing penalty. HMRC do not normally “dilly-dally” when issuing penalty notices, however this year is a bit different. The reason? Brexit. HMRC are anticipating…

By Lynn Gracie

Blog21st Mar 2019

HMRC – Clamping down on undisclosed Diverted Profits Tax and Corporate Tax liabilities …again!

HM Revenue & Customs (‘HMRC’) recently announced the launch of the Profit Diversion Compliance Facility (‘PDCF’), a new disclosure facility for HMRC. This disclosure facility is aimed at helping multinationals disclose any Diverted Profits Tax (‘DPT’) or Transfer Pricing (‘TP’)…

Blog20th Mar 2019

Spotlight on fundraising

Fundraising for start-ups or early stage companies has always been a challenging task as anyone who has seen the plucky contestants enter the Dragons’ Den on the hit television programme can agree. However, with a high number of innovative and…

By Gillian Rushton

Blog18th Mar 2019

Brexit & The EU National – The Inheritance Tax Trap

With Brexit just around the corner and still shrouded in uncertainty, we are all understandably wary of the political road ahead. This may be even more true for those non-UK nationals who are resident here in the UK. Whilst the…

Blog15th Mar 2019

Addressing challenges, changes & uncertainty

“May you live in interesting times” is allegedly a Chinese proverb (or maybe it’s just a quote from 90s film “Disclosure”!) but there is little doubt that we do indeed live in interesting times. To name but a few issues…

Blog14th Mar 2019

IR35 Consultation Launched

HMRC launched the long-awaited consultation into the “Off-payroll working rules from April 2020” for the private sector last week and is open for comment until 28th May 2019.

Blog14th Mar 2019

Positive outlook for Oil & Gas deal activity

It was very welcome to see increased activity in the Oil & Gas sector throughout 2018, with a number of high profile transactions in the upstream exploration & production (E&P) space as well as a strong uptake in Oil &…

By Callum Gray

Blog12th Mar 2019

Top Tips for practice owners

As a practice owner, you will have to consider the sale of your practice at some point in the future.  I have outlined some of the key things to consider in advance of a sale that will assist in maximising…

Blog8th Mar 2019

Are you a British Expat facing Brexit in Portugal? …actions to consider pre 29th March

There is no one who can provide certainty of what will happen as Brexit approaches, and entire EU expat communities, including British expats in Portugal, are among those who wait with baited breath as we head towards 29th March.

Blog6th Mar 2019

Taxpayers pushed to ‘certify’ offshore income

HMRC has recently sent tens of thousands of letters to UK taxpayers, stating that they have information regarding their offshore income or gains. This is a result of recent information exchange agreements with more than 100 countries over the past…