OUR LATEST INSIGHTS

Blog15th Sep 2020

Preserving Value, Fairness & Assurance through Joint Venture & Contract Audits

Effective Joint Venture Accounting and Contract Compliance in an E&P Operator are vital for all parties involved and those who share in a venture. They are the first line of defence processes that provide assurance and comfort to the owners…

Blog14th Sep 2020

HELLO, THIS IS HMRC CALLING… BUT IS IT REALLY THEM? BEWARE OF SCAM PHONE CALLS

An increasing number of HMRC scam calls are being made, where the caller pretends to be from HMRC in order to try and obtain bank details from their victim. These callers can be extremely convincing, even sometimes coming from a…

Blog14th Sep 2020

HELLO, THIS IS HMRC CALLING… BUT IS IT REALLY THEM? BEWARE OF SCAM PHONE CALLS

An increasing number of HMRC scam calls are being made, where the caller pretends to be from HMRC in order to try and obtain bank details from their victim. These callers can be extremely convincing, even sometimes coming from a…

Blog10th Sep 2020

Termination Payments: PENP recap & upcoming changes…

From the 6 April 2018, the treatment of termination payments changed with the calculation of the Post Employment Notice Period ‘PENP,’ becoming a legislative requirement in order to establish the correct tax and National Insurance treatment of payments being made.…

Blog9th Sep 2020

Charity VAT Opportunity – HMRC clarify treatment of digital advertising

The zero–rate relief for charity advertising has provided significant benefits for charities since its introduction for newspaper advertising in 1986.  Over the years, there have been a number of changes to the relief which have generally extended the scope to cover broadcast…

Blog7th Sep 2020

IR35 Off-Payroll Working Reform – Full Steam Ahead…again!

With April 2021 creeping up on us, businesses in the private sector must ensure they are ready to face the delayed IR35 off-payroll working reform head on to ensure compliance with the legislation. This will mean taking the time now…

Blog27th Aug 2020

Potential Changes to Qualifying Costs for Research and Development Tax Relief

Following on from the Spring Budget 2020, the Government has announced that they are now consulting on the eligible expenditure that can be included in Research and Development (“R&D”) tax credit claims. The last formal consultation on the qualifying cost…

By Derek Gemmell

Blog25th Aug 2020

Technology – Not just for international clients

As lockdown starts to ease allowing national and international travel to slowly increase, and employers start finalising their plans to open office doors again, there are lots of unknowns around what the ‘norm’ will be for businesses going forward. Will…

Blog24th Aug 2020

Moving Overseas to Save Tax? This could be more taxing than you think…

After weeks of lockdown, and searching for some much needed escape from COVID news, I came across BBC 2’s latest documentary “Inside Monaco: Playground of the Rich”. It allowed for a fascinating insight into this country which has extraordinary wealth,…

Blog20th Aug 2020

Personal Service Companies – Is it time for action?

Chancellor of the Exchequer, Rishi Sunak, has recently implied that Capital Gains Tax (“CGT”) rates will come under increased scrutiny, as the Government attempts to fill the budget deficit caused by the ongoing COVID-19 pandemic. With the Autumn Budget soon…

By Stuart Petrie

Blog19th Aug 2020

HMRC Nudge Letters for Overseas Income – another batch issued in July 2020

HMRC’s very own “tax gift that just keeps giving”…

Blog19th Aug 2020

Capital Gains Tax – What will be the ‘next normal’?

Since March 2020, the UK government has provided significant financial support to families and businesses to help support them through the COVID-19 pandemic. Although the country is not out of the woods yet, the economy is starting to reopen and…