Blog21st Dec 20232023 Business Unit Year In ReviewOxford recently released their word of the year for 2023 and it was “rizz”. If we had to pick a word for our year it would be ‘growth’. You might have heard us talk about our growth journey a time…View more
Blog20th Dec 2023Scottish Tax Rates 24/25: Higher Earners Face Soaring RatesThe Scottish 24/25 Budget introduces significant changes that will impact higher earners across Scotland. As tax rates soar for those in higher income brackets, the new budget reflects the Scottish Government’s focus on addressing economic challenges and funding public services.…By Carol EdwardsView more
Blog15th Dec 2023Tax Domicile is for life – not just for Christmas!..or is it… ?With Christmas just around the corner, many people’s minds will be turning to Christmas dinner with the family, and perhaps the presents they may receive. But, unlike some of those presents, a person’s domicile position isn’t just for Christmas –…By Lynn GracieView more
Blog23rd Nov 2023Autumn Statement- What Do The Changes Mean For You?Jeremy Hunt delivered his much anticipated Autumn statement yesterday, which was possibly his last opportunity to make changes to taxes and benefits before the next General Election. The Chancellor was under pressure from fellow Conservative party members urging him to…By Kerry McGeeView more
Blog21st Nov 2023Autumn Statement- What Changes Can We Expect?A lot can change in a year – and after the 2022 Autumn Statement promised wide ranging tax cuts, only for many of the key measures to be swiftly reversed, 2023 could well grab fewer headlines in comparison. Having said…By Tom AndrewView more
Blog13th Nov 2023Can You Avoid Paying A Lump Sum Of Tax On The 31st January?If you file your Self-Assessment tax return with HMRC by 30 December, you may be able to have any tax you owe for 2023 collected by a restriction in your tax code for the next tax year commencing on 6…By Bev HolroydView more
Blog10th Nov 2023Furnished Holiday Lets – Qualifying Conditions & ElectionsTo gain the tax advantages of a Furnished Holiday Let (FHL), the property must qualify, and HMRC have a series of qualifying conditions which must be met. If the criteria is still not met, the property will be treated as…View more
Blog19th Oct 2023SNP Tax Rises: What Could the Future Hold for Scottish Taxes?The Programme for Government published on 5 September by the Scottish Government has promised to deliver “the most progressive tax system in the UK.” This has led many to speculate about potential SNP tax rises in the next Scottish Budget.…By Jill WalkerView more
Blog2nd Oct 2023New Spain Digital Nomad Visa & Beckham Tax Law BenefitsHow does living and working in Spain for up to 5 years while only paying a tax rate of 24% sound to you? Spain has always been a ‘go to’ holiday and retirement destination for Brits. The attraction is obvious…By Lynn GracieView more
Blog26th Sep 2023Would you be ready if HMRC lodged a formal enquiry into your Income Tax Return? A tax enquiry is the process by which HMRC check in detail that the information on a tax return is correct and complete. HMRC have the right to make a formal enquiry into every tax return submitted to them. This…By Seamus McElvannaView more
Blog14th Sep 2023What Are Family Investment Companies?In recent years, Family Investment Companies (FICs) have become more widely used in family tax planning exercises. However, they are not a new structure by any means – our oldest family investment company client is over 100 years old! They…By Emily Robson and Steve RobertsView more
Blog12th Sep 2023Are Inheritance Tax Rules Changing?Could we soon see Inheritance Tax changes? It has been reported that the Government is considering scrapping Inheritance Tax (IHT) in advance of the upcoming general election. IHT is a controversial and generally unpopular tax, which has been labelled as…By Jill WalkerView more