Blog19th Jan 2018Customs Countdown to BrexitWhen Theresa May and Jean-Claude Juncker signed up to the Joint Report of the negotiators for the EU and the UK Government on 8th December 2017, this signalled the conclusion to Phase 1 of the Brexit process allowing the negotiations…View more
Blog17th Jan 2018Doing Business in Norway – Tax TrainingNorway has an exciting and prosperous outlook for 2018 and beyond with an increase in activity expected in the oil and gas sector. Statoil have announced it is looking at drilling 25 to 30 wells in Norway in 2018. Norway…View more
Blog11th Jan 2018International Tax Training For BusinessesAAB’s Training Team have developed a course providing an overview of the direct and indirect tax considerations when trading overseas. The course will highlight opportunities and value adding actions as well as identify any traps and pitfalls when operating overseas.…View more
Blog10th Jan 2018Global Tax HeadachesWith increased globalisation, and information sharing agreements in place between countries, Governments are aggressively attacking companies using tax audits and assessments. They focus upon direct taxes, such as personal taxes of globally mobile employees or corporation taxes on intercompany transactions.…View more
Blog4th Dec 2017Country by Country ReportingThe Organisation for Economic Co-Operation and Development (OECD) recommended the introduction of new reporting requirements for multinational groups, with consolidated group revenue in excess of EUR750million, to combat international tax avoidance.View more
Blog29th Nov 2017Scottish Taxes are here to stay – but will taxpayers want to stay in Scotland?This is an updated blog to reflect changes announced in the Chancellor’s Autumn Statement speech made on 22 November 2017.View more
Blog27th Nov 2017Enhanced Capital AllowancesTaxpayers can boost their cash flow by claiming 100% of the cost of their investment in energy-saving plant or machinery as a deduction from their taxable profits provided the asset purchased qualifies under the Enhanced Capital Allowances (“ECAs”) scheme. This…View more
Blog22nd Nov 2017Working Overseas? Understanding the Resultant Tax ConsequencesOur earlier blogs discussed the importance of “Understanding the Project” and “Reviewing the draft contract”, ideally before contract price negotiations commence. This blog explains how we use this information to research, analyse, understand and, where possible, mitigate, all the overseas…View more
Blog16th Nov 2017Scottish Taxes are here to stay- but will taxpayers want to stay in Scotland?Read the updated blog, to reflect changes announced in the Chancellor’s Autumn Statement speech made on 22 November 2017. Scottish taxpayers earning more than £43,000 pa, are already paying £400 more tax pa, because Holyrood flexed its tax powers for…View more
Blog13th Nov 2017Don’t let VAT be a cost of doing business in the UK – 13th Directive ClaimsOne of the most common questions we are asked by our overseas clients when they are looking to do business in the UK is – “Can we recover the VAT we incur in the UK?”View more
Blog25th Oct 2017Construction Industry Scheme – Avoid the FineUnder the Construction Industry Scheme (CIS), contractors deduct money from a subcontractor’s payments and pass it to HMRC. The deductions count as advance payments towards the person’s tax and national insurance bill. Contractors must register for the scheme, but subcontractors…View more
Blog10th Oct 2017Failure to Prevent Tax Evasion – A New Corporate Criminal OffenceFrom 30th September 2017 a company or partnership (“a business”) will commit a criminal offence should it fail to prevent a person associated with it from facilitating tax evasion. There is no de-minimis level of trading below which compliance is…View more