OUR LATEST INSIGHTS

Blog12th Mar 2020

Budget 2020: Post-Brexit VAT measures welcomed by UK businesses

For his first budget as Chancellor of the Exchequer, Rishi Sunak has delivered some interesting indirect tax changes.

Blog12th Mar 2020

Budget 2020: New dawn for Entrepreneurs’ Relief

For a disposal on or after 11 March 2020, Rishi Sunak’s Budget Announcement has significantly reduced the worth of Entrepreneurs’ Relief (‘ER’).  

Blog11th Mar 2020

SeedPod – What does this mean for Scotland Food & Drink Businesses?

At AAB, we have a dedicated team of Food & Drink specialists who hold a wealth of experience and knowledge of the sector – a nod to the significance of the industry in the context of the Scottish economy and to our business. Considering our involvement within the sector, we…

By Derek Mair

Blog11th Mar 2020

Coronavirus (COVID-19)

In light of the current situation with regards to COVID-19 we would like to provide the assurance that we are closely monitoring the situation. We are taking measures to protect the health and safety of our team and if required,…

Blog9th Mar 2020

Big Changes to Employment Allowance in April 2020

The UK Government first introduced the Employment Allowance (EA) in 2014, which entitled employers to a reduction of up to £2000 from their secondary national insurance liability for the year. In April 2016, the allowance was raised to £3000 with…

Blog9th Mar 2020

Is COVID affecting your travel plans? Don’t let it also affect your tax residence position

Following the outbreak of Coronavirus, some employees are finding that they are unable to travel to their place of work overseas, mainly due to company imposed travel restrictions to various affected countries. These companies are clearly acting in their employees’ best interests, and…

Blog6th Mar 2020

2019 Norwegian Income Tax Returns – Get Ahead of the Deadline

Individuals who have worked in Norway, either offshore on the Norwegian Continental Shelf or onshore in Norway are required to complete a Norwegian income tax return.

Blog5th Mar 2020

No Safe Havens for those with Offshore Income or Assets – Have you received a letter from HMRC?

Historically it was very difficult for HMRC to find out about offshore assets, income, gains and transfers which should have been declared in the UK, but for whatever reason, be it innocent or deliberate, were not reported. 

Blog3rd Mar 2020

It’s That Time of Year

At last – we’ve reached the end of February, the days have started to draw out, we might even get some respite from the weather. Spring is in the air and a new financial year is on the horizon. Why…

Blog28th Feb 2020

Tax Relief for Building Costs

Where contracts are entered into after 29 October 2018 for construction projects on non-residential properties, taxpayers can now potentially benefit from a claim for Structures & Building Allowances (“SBA’s”) on these costs. The claim is made at a rate of…

Blog27th Feb 2020

Rewarding Innovation

The UK government understands that promoting UK innovation is key to making the UK more competitive globally, increasing productivity and fuelling economic growth. One aspect of this is the promotion of Innovation tax reliefs available to both Small and Medium Sized Enterprises (SMEs) and large companies.  

By Derek Gemmell

Blog26th Feb 2020

The Death of Inheritance Tax as we know it?

A radical overhaul of the current UK Inheritance Tax (“IHT”) system has been recommended by a group of MPs. The All-Party Parliamentary Groups (APPG) for Inheritance and Intergenerational Fairness has published several bold suggestions which, if adopted, would represent the biggest change…