OUR LATEST INSIGHTS

Blog14th Apr 2020

Take Investment Losses for Tax Planning Gains?

Investment values have taken a severe downward knock in recent weeks following the Coronavirus outbreak and a slump in oil prices. Whilst we all hope that the markets will recover reasonably quickly, the timing of this is uncertain to say…

Blog13th Apr 2020

Overseas Corporate Landlords Face New UK Tax Reporting Obligations

From 6 April 2020, all non-UK resident companies carrying on a UK property business will be charged Corporation Tax, rather than the previous Income Tax treatment. These changes have been introduced to deliver an equalised tax treatment for UK and…

By Lynn Gracie

Blog10th Apr 2020

Modelling Risks & Opportunities in Upstream Oil & Gas

The double whammy of the COVID-19 pandemic and the effects of the Opec+ price war is presenting what is rapidly becoming the upstream oil and gas sector’s biggest challenge to date.   The combination of a dramatic drop in global consumption due to movement restrictions and lockdowns, with a market currently being flooded by Saudi Arabia and Russia with…

By Alasdair Green

Blog8th Apr 2020

COVID-19 – Some Legislative Facts from Around the Globe!

With COVID-19 continuing to cause disruption to businesses and economies all over the world, we are seeing more and more countries providing rescue schemes to companies and employees alike. 

Blog7th Apr 2020

COVID-19 – R&D Claims

Although these are uncertain times due to the impact of the COVID-19 pandemic, HM Revenue & Customs (“HMRC”) have confirmed their commitment to processing Research and Development (“R&D”) tax relief claims timeously to ensure companies eligible for repayments will still…

Blog6th Apr 2020

COVID-19 Sector Specific Support

*Updated 8 May* As well as the government support measures for businesses regardless of sector in the UK, there are also a number of sector specific support packages available which we have listed below.

Blog6th Apr 2020

Coronavirus Job Retention Scheme – Key Information

*Updated 1 June 2020*

Blog4th Apr 2020

Coronavirus Business Interruption Loan Scheme (CBILS)

*Updated 19 May* The Government announced changes to the Coronavirus Large Business Interruption Loan Scheme on 19 May, to include that larger businesses will benefit from loans up to the lower of 25% of turnover, or £200m. The changes are…

Blog31st Mar 2020

COVID-19 Expenses When Working From Home

Following the UK government’s three-week lockdown across the UK and the earlier measures introduced to try and address the COVID-19 pandemic, millions of individuals are now faced with the requirement to work from home. The stricter measures imposed and spending…

By Katy Christiansen

Blog30th Mar 2020

Making Tax Digital – Phase 2 postponed until April 2021

Many businesses will have been working hard to try and meet the 1 April 2020 deadline for the end of HMRC’s Making Tax Digital (MTD) for VAT soft-landing.  This was the date from which taxpayers had to have a complete…

Blog27th Mar 2020

Prevention is better than Cure

Even before the forthcoming Construction Reverse charge changes impact on the Property and Construction industry, businesses in these sectors have to navigate on of the most complex areas of VAT.  This was illustrated in the recent First Tier Tribunal (FTT) decision in…

By Alistair Duncan

Blog26th Mar 2020

The Self Employed Income Support Scheme

*Updated 1 June* The government has put in place the Self Employed Income Support Scheme to provide support to self employed individuals in the same way it has to employees via the Job Retention Scheme.