Blog27th Jan 2023How To Steer Clear of Double Duty ChargesWith 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…View more
Blog28th Nov 2022HMRC gain yet more visibility to Digital & Offshore AssetsIt is well documented that global tax jurisdictions are struggling to keep tabs on the digital economy. It is therefore unsurprising that countries are keen to work together to help them pin down individuals and businesses who are not reporting…By Lynn GracieView more
Blog2nd Aug 2022Importance of Tax Planning When Selling a BusinessSuccessful business owners usually think long and hard about their exit strategies and negotiating business sales that meet their needs, but relevant tax planning is often overlooked or considered too late in the process to be effective. When you’ve put…By Gunhild DamView more
Blog6th Jul 2022Research & Development tax relief claimsAs Research & Development (R&D) tax relief claims become more popular across the UK for both SME and large sized corporations, it is no surprise that HMRC is cracking down on the review process for who they grant this generous…View more
Blog24th Jun 2022Extension of the Trust Registration ServiceThe Trust Registration Service (TRS) was introduced in June 2017 as part of the UK’s Money Laundering regulations. The TRS requires trustees to report information about the trust, trustees, trust assets (for taxable trusts), beneficiaries and other parties associated with…View more
Blog6th Apr 2022Large Business Notification Requirement of Uncertain Tax PositionsHMRC have introduced new legislation on Uncertain Tax Treatments (UTT) for large businesses. The legislation is now in force, with effect from 1 April 2022. View more
Blog28th Mar 2022Employment Related Security Reporting – 2022As the end of the tax year is almost upon us, it is important for employers to consider their Employment Related Securities (ERS) reporting requirements. View more
Blog24th Mar 2022Spring Statement 2022 Updates‘A new culture of enterprise’ was one of the headings in the Chancellor’s 2022 Spring Statement. It went on to say that improving productivity is the only way to deliver sustainable economic growth and increase living standards. The statement then…View more
Blog2nd Mar 2022Pitfalls of Super-Deductions and First Year allowancesThe Super Deduction allowance is an extremely attractive tax incentive allowing companies to achieve a 130% deduction in the year of expenditure on the cost of qualifying assets against taxable income which equates to 24.7p relief for every £1 spent.…View more
Blog15th Feb 2022Innovation in the Textile SectorResearch and Development in the Textile Sector.By Derek GemmellView more
Blog10th Dec 20212022-23 Scottish BudgetKate Forbes delivered the Scottish Government’s Budget for the 2022-23 fiscal year on Thursday 9 December 2021. We outline the tax changes that individuals residing in Scotland should be aware of from a personal tax perspective.View more
Blog10th Nov 2021Do you know the benefit of Theatre Tax Relief?As theatres begin to open their doors once again, many production providers are undoubtedly looking for invaluable financial relief to help alleviate what has been a tough time.View more