Blog28th Jul 2022Employment (Allocation of Tips) Bill As the Employment (Allocation of Tips) Bill makes its way through Parliament, it is important to understand what the new Code of Practice to be issued by the Secretary of State would mean, especially for the hospitality, leisure and service…View more
Blog25th Jul 2022Self-Assessment Taxpayers: is your 31 July ‘Payments on Account’ due for payment?Self-Assessment taxpayers who had a liability of more than £1,000 in the 2020/21 tax year are likely to be required to make ‘Payments on Account’ towards their 2021/22 tax liability. The first interim payment was due on or before 31…By Carol EdwardsView more
Blog22nd Jul 2022HMRC – Improving the data it collects from its customers consultation documentIt is usually around this time of year, as the holiday season gets underway that government departments publish consultation documents, and HMRC is no different. HMRC is looking for responses to its consultation on improving the data it collects from…By Karen ThomsonView more
Blog12th Jul 2022Government introduces new Bill to protect Seafarer workers when entering UK ports After the appalling actions of P&O in May of this year, the government has now introduced new legislation to ensure that seafarers are paid at least the National Minimum Wage. This new legislation, effective 6 July 2022, applies to any vessels…By Katy ChristiansenView 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
Blog4th Jul 2022‘Fiscal Drag’ pulls more UK Taxpayers into higher rate bands As inflation reaches 9% in the UK, the freeze on the income tax rate bands will inevitably push more taxpayers into higher brackets. It was announced in the Budget last year that the income tax personal allowance and higher rate…By Lyndsey RussellView more
Blog27th Jun 2022Additional Dwelling Supplement – am I liable?From April 2016, the purchase of a second home not only brought a liability to Land and Buildings Transaction Tax (“LBTT”) but also to Additional Dwelling Supplement (“ADS”) which is a levy of 4% of the property price where that…By Jill WalkerView 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
Blog23rd Jun 2022Members Voluntary liquidation (MVL) v Strike Off – What is the difference?Since moving into restructuring at AAB, friends and family have asked me: ‘What is an MVL?’ ‘Is an MVL a bad thing?’ ‘Why can’t owners just close businesses themselves?’ These are all very good questions! The restructuring and recovery team…By Claire Smith View more
Blog16th Jun 2022Protecting employee data – is your head in the cloud?Having a clear technology strategy is important to adhere to the increased complexity of payroll operations and compliance with UK and international regulations. Few organisations are operating cloud-based payroll systems and consequently sensitive data is passed regularly via email or other non-secure…By Stuart LawView more
Blog7th Jun 2022Why hydrogen & why nowOver a third of the UK’s carbon emissions are generated by the 80% of domestic homes currently using natural gas for heating and cooking. The UK is committed to reaching net zero emissions target by 2050, therefore, the gas we…By Callum GrayView more
Blog17th May 2022Charities & Post-Pandemic StrategyThe COVID-19 pandemic and consequent restrictions continue to resonate to varying degrees amongst the sector and our not-for-profit clients. Be it a struggle to attract the same level of footfall, a slower than expected return to fundraising activities or the…By Jakub RolinskiView more