OUR LATEST INSIGHTS

Blog30th Nov 2020

Temporary workplace rules – not always as straightforward as you may think…

The recent outcome of the Sambhi v HMRC case has highlighted the complexities and absence of case law surrounding the temporary workplace rules, which govern the tax relief available on travel and subsistence payments for employees working at a ‘temporary workplace’.  

Blog26th Nov 2020

Investigating Inheritance Tax – HMRC haul hits four year high

HM Revenue & Customs (“HMRC”) has recently reported a 4-year high in Inheritance Tax (“IHT”) revenues after collecting an additional £274m as a direct result of more than 5,000 investigations during the 2019/20 tax year. This amounts to an average…

By Gayle Meldrum

Blog25th Nov 2020

Furlough during the Christmas period

With Christmas only one month away, employers and employees will now be thinking ahead on what this means during Christmas when most employers shutdown or employees request holidays during the festive period.

Blog25th Nov 2020

Don’t be blind to the Brexit challenges

Even with perfect vision, no-one could have foreseen how difficult a year 2020 would have been for UK businesses.  However, as we head towards 2021, and the end of the Brexit transitional period, the fresh challenges involved in the import or export of goods…

By Alistair Duncan

Blog23rd Nov 2020

Government Grinch gives the go-ahead to virtual staff parties

As we are approaching the end of 2020 which has been a year full of not so pleasant surprises, many employer’s may be thinking of more creative ways to arrange socially distant and ‘lockdown’ friendly Christmas parties, replacing the usual…

Blog13th Nov 2020

Capital Gains Tax – Is a rate increase on the horizon?

Before the scheduled Autumn budget, advisors and taxpayers alike were bracing themselves for a hike in the rate of Capital Gains Tax (“CGT”) as well as the very real possibility that some reliefs might be withdrawn altogether, for example Business…

Blog9th Nov 2020

The Third Sector & The Next Normal

The events of 2020 have been unlike anything we could have anticipated. They have triggered developments across all organisations as we all continually reacted to new, and rapidly changing, guidelines from the World Health Organisation and both the Scottish and…

Blog9th Nov 2020

Deals+ Energy Deals Done in the UK Q3 2020

As featured in Energy Voice, Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share our quarterly Deals+ update for Q3 2020, highlighting selected Energy M&A and Fundraising transactions across the UK.

Blog5th Nov 2020

Coronavirus Job Retention Scheme extended until March 2021

Additional guidance was released by the government yesterday afternoon, Thursday 5th November 2020, outlining further changes to the Coronavirus Job Retention Scheme (CJRS), which came into effect on 1st November 2020.

Blog4th Nov 2020

Extension of the Self Employment Income Support Scheme Grant

*Updated 11 January 2021* The furlough scheme was due to end on 31 October but following the announcement that England is to enter another period of lockdown, this has been extended until March 2021. On the back of this, the…

Blog3rd Nov 2020

IFRS 16 COVID amendment at a glance

For those companies which had to go through the long and painful process of accessing which contracts did and did not contain a lease, the thought of having to process the lease amendments which have arisen as part of COVID-19…

Blog29th Oct 2020

COVID-19 HMRC Statutory Residence Test “Exceptional Circumstances”

Tax Residence in the UK, and therefore by definition, UK tax exposure on worldwide income and gains, is largely determined by days of presence in the UK. The impact of the COVID-19 pandemic on worldwide travel has been significant, leading…