OUR LATEST INSIGHTS

Blog28th Sep 2022

60 Day Capital Gains Tax Reporting – The Rules Recap

Almost a year on from the extension of the timeframe for reporting disposals of residential property our blog provides a recap of the rules on what exactly needs reporting, who needs to report it, how is it reported, when is…

By Carol Edwards

Blog20th Sep 2022

AABIE visit the Moira Anderson Foundation 

AABIE is our charitable initiative which allows everyone at the AAB Group to invest in the communities in which we operate. We seek partnerships with charities and invite applications for donations, grants, and volunteers.   Glenn Hogg joined the AABIE Trustee…

Blog8th Sep 2022

Customs Declaration Service (CDS) – are you ready? 

For the majority of the last 30 years, HM Revenue and Customs’ (HMRC) Customs Handling of Import and Export Freight (CHIEF) system has been at the forefront of customs declarations in the UK. However, in a two-stage approach, CHIEF will…

By Seanna Forbes

Blog19th Aug 2022

Making Tax Digital for Income Tax Self-Assessment

From 6 April 2024, Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will apply to self-employed individuals and landlords with total business and/or property income above £10,000 per year. Under MTD for ITSA, taxpayers caught by the regime will…

By Lynn Gracie

Blog17th Aug 2022

Organised Labour Fraud

Have you heard of OLF (Organised Labour Fraud)?  HMRC’s Fraud Investigation Service (FIS) uses this term when describing organised crime that involves genuine labour supplies. The Chartered Institute of Payroll Professionals published a HMRC special on the topic, but have…

By Karen Thomson

Blog9th Aug 2022

Changes to Capital Gains Tax for separating couples

Under the current Capital Gains Tax regime in the UK there are rules in place to allow for transfers of assets between spouses to be deemed to take place at no gain/no loss for Capital Gains Tax (CGT) purposes. That…

By Jill Walker

Blog8th Aug 2022

Working Remotely – Nine to five at the office is no longer the norm… but neither is working in a UK office

The impact of COVID has been widespread and far reaching, touching all aspects of work and home life. Many now have the option to work from home, but some are taking this as an opportunity to work from anywhere, including…

Blog4th Aug 2022

CYCLE TO WORK DAY – ANTICIPATING 1 AUGUST 2024

As we approach National Cycle to Work Day on 1 August 2024, the significance of cycling for both personal health and environmental well-being continues to grow.  Originally introduced by the UK government in 1999, the Cycle to Work scheme aimed…

By Karen Thomson

Blog29th Jul 2022

COVID recovery, labour shortages & supply chain issues: the resilience of Scotland’s food & drink sector

In the last two years we have seen some of the most challenging times in business. In particular, the Scottish food and drink industry has been hit hard by varying restrictions imposed across the country. Despite these challenges, the industry…

By Derek Mair

Blog28th Jul 2022

Employment (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…

Blog25th Jul 2022

Self-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 Edwards

Blog22nd Jul 2022

HMRC – Improving the data it collects from its customers consultation document

It 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 Thomson