Blog22nd Dec 20222022 Sector Year in ReviewThis year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked…View more
Blog20th Dec 2022Annual Tax on Enveloped Dwellings (ATED) valuation date changesAre you aware of the valuation date changes for Annual Tax on Enveloped Dwellings (ATED)? What is ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an…By Michaela McCombieView more
Blog19th Dec 20222023-24 Scottish Budget Tax changesAfter a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal…By Jill WalkerView more
Blog13th Dec 2022What challenges are family businesses facing today?The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused…View more
Blog12th Dec 2022Food & drink sector dos & don’ts for cost of living crisisThe soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With…View more
Blog8th Dec 2022Say hello to HMRC’s new VAT penalty & interest rulesThe current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.…By Alistair DuncanView more
Blog7th Dec 2022Court-sanctioned SME Restructuring Plan imposes cram down of HMRC preferential debtThe High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery…View more
Blog30th Nov 2022Important year end considerations for the United StatesThe United States tax year ends on 31st December and as a result the next few weeks are key for employers to ensure that payroll has captured all of the necessary information before close. It is important for employers to…By Jessica ConstableView more
Blog28th Nov 2022HMRC gain yet more visibility to Digital & Offshore AssetsIt is well documented that global tax jurisdictions are struggling to keep tabs on the digital economy. It is therefore unsurprising that countries are keen to work together to help them pin down individuals and businesses who are not reporting…By Lynn GracieView more
Blog23rd Nov 2022“Tis the Season” – Christmas Festivities & Employee Gifts, an Employers’ Guide to the Tax & NIC ImplicationsNow that Christmas is upon us (“oh yes, it is!”) employers will be turning their attention to their own employees, having planned the much-awaited Christmas party! There may also be gifts for staff and even children’s Christmas parties for employee…By Gillian ForrestView more
Blog21st Nov 2022How to organise your finance function Your finance function is the eyes and ears of your business. It gives you insight where you need and reports on your past and predicts your future. A finance team needs to have the right people in the right seats.…By Lauren McIlroyView more
Blog14th Nov 2022VAT treatments to help manage your cashflowBusinesses are continuing to face uncertainty arising from tensions created by the global political and economic situation and the impact of the pandemic. These issues have the potential to impact significantly on your cashflow. For many businesses, VAT can have…By Alistair DuncanView more