OUR LATEST INSIGHTS

Blog27th Jan 2023

How To Steer Clear of Double Duty Charges

With 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…

Blog26th Jan 2023

Self Assessment Tax Return Deadline Around The Corner

The deadline for completing your 2021/22 self-assessment tax return online is 31 January 2023 and those who file one later than that will usually have to pay a fine. HM Revenue and Customs (HMRC) announced at the start of January that…

By Jill Walker

Blog25th Jan 2023

The Importance Of Succession For Family Businesses

Within the intricacy of family businesses, succession planning weaves the path for continuity and prosperity. This article delves into the significance of succession planning, highlighting its role in safeguarding the legacy of family enterprises. From nurturing talents within the family…

By Paula Fraser

Blog17th Jan 2023

The hidden tax pitfalls of cryptocurrency

If cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk…

By Lynn Gracie

Blog13th Jan 2023

IR35 twists & (U) turns- what it means for employers

IR35 reforms have been a popular (or not so popular) talking point for businesses in the last year, with the initial reversal in the Truss/Kwarteng controversial mini budget, which included the repeal of the IR35 changes, and all too quickly,…

By Gillian Forrest

Blog22nd Dec 2022

2022 Sector Year in Review

This year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked…

Blog20th Dec 2022

Annual Tax on Enveloped Dwellings (ATED) valuation date changes

Are you aware of the valuation date changes for Annual Tax on Enveloped Dwellings (ATED)? What is ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an…

By Michaela McCombie

Blog19th Dec 2022

2023-24 Scottish Budget Tax changes

After a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…

By Jill Walker

Blog13th Dec 2022

What challenges are family businesses facing today?

The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused…

Blog12th Dec 2022

Food & drink sector dos & don’ts for cost of living crisis

The soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With…

Blog8th Dec 2022

Say hello to HMRC’s new VAT penalty & interest rules

The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.…

By Alistair Duncan

Blog7th Dec 2022

Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debt

The High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery…

By Nicola Rollings