OUR LATEST INSIGHTS

Blog18th Mar 2020

Coronavirus – How HMRC can (and will!) help minimise the financial impact on you and your business

HM Revenue & Customs (‘HMRC’) has set up an additional phone line to help financially support individuals and businesses who are feeling the financial effects of coronavirus (COVID-19).

Blog17th Mar 2020

Budget 2020: Annual Allowance Pensions Changes – A Silver Lining or a Sting in the Tail?

The recent budget saw Chancellor Rishi Sunak announce some welcome changes to the rules for tapering of the Pension Annual Allowance (AA), particularly for those in certain income brackets, where they previously faced severe restrictions on what they could save…

By Lynn Gracie

Blog12th Mar 2020

Budget 2020: Positive News on Research & Development (R&D) Tax Relief and Capital Allowances

The Budget made it clear that the UK’s success in the global economy will be rooted in innovation and cutting-edge technology. Plans to significantly increase public R&D investment to £22 billion per year by 2024-25 were confirmed, increasing direct support for R&D to 0.8%…

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

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,…

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

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…