OUR LATEST INSIGHTS

Blog17th Aug 2023

Can You Claim VAT Back as a Sole Trader?

When many people think of VAT, they think of the extra charge on clothes, petrol, and everyday items. However, those who are self-employed or run a business may find themselves more deeply involved with VAT than they initially expect. In…

By Debbie Smith

Blog16th Aug 2023

Value Added Tax – a basic guide to the indirect tax for sole traders

When many people think of VAT, they think of the extra charge on clothes, petrol and everyday items. However, those that are self-employed and/or run a business, may be required to get involved with VAT more than they would otherwise…

Blog11th Aug 2023

HMRC Targeting Airbnb Landlords  

The way in which we’re able to generate multiple streams of income from property ownership has changed. With platforms such as Airbnb, Booking.com and Cool Stays, landlords are turning to short-term let properties as a source of income and seeing…

By Carol Edwards

Blog9th Aug 2023

Alternative Dispute Resolution – Why it’s Good To Talk

Many importers have found that being in dispute with HMRC can be a costly business. Where margins are tight and room for manoeuvre limited, the unexpected tax bill can make a business venture uneconomic. Where there is a risk of…

By Alistair Duncan

Blog7th Aug 2023

Inheritance Tax – Could your estate be exposed?

Many more ordinary people are becoming liable to Inheritance Tax (IHT) who may not have before. In this blog we’ll be looking at what IHT is, why the rise is occurring and how we can help you mitigate your IHT…

By Tracy McGarry

Blog3rd Aug 2023

How Being a Non-UK Resident Impacts Your Tax Obligations

If you’re a Non UK Resident, understanding how your residency status impacts your tax obligations is crucial. Being a non-UK resident can have significant effects on your financial responsibilities, from income tax to capital gains. Navigating these regulations can be…

By Lynn Gracie

Blog3rd Aug 2023

How Being a Non-UK Resident Impacts Your Tax Obligations

If you’re a Non UK Resident, understanding how your residency status impacts your tax obligations is crucial. Being a non-UK resident can have significant effects on your financial responsibilities, from income tax to capital gains. Navigating these regulations can be…

By Lynn Gracie

Blog1st Aug 2023

Pandora Papers opens HMRC Offshore Tax Pandora’s Box

The recently published Pandora Papers put offshore tax in the headlines once again. If you have undeclared offshore income or gains, it is important to act now. The Pandora Papers are thought to contain the names of over 750,000 companies…

By Seamus McElvanna

Blog25th Jul 2023

Cryptocurrency- From Anonymity to Accountability

Did you know that HMRC (HM Revenue & Customs) have the power to request data from cryptoasset exchanges?  Many are still largely unaware that this power has been in place for years and indeed HMRC have already used it to…

By Lynn Gracie

Blog7th Jul 2023

How Important is ESG in M&A Transactions?

Environmental, Social and Governance (ESG) is attracting increasing attention from investors and acquirers when evaluating investment, growth funding and M&A opportunities.    At the outset of a possible deal, investors and acquirers are now taking more rigorous ESG considerations into account. …

By Alasdair Green

Blog6th Jul 2023

What Is A Furnished Holiday Let?

Furnished Holiday Lets (FHL) are becoming more and more popular in the UK, particularly in Scotland, with holidaymakers’ desires for a ‘staycation’ only increasing. But are you aware that these properties come with a different set of tax rules compared…

Blog4th Jul 2023

What Is The Basis Period Reform For 2023?

What is the basis period? The basis period is the accounting period on which a business calculates their tax each year.  Ordinarily the basis period on which a business is taxed is the 12 month accounting period that ends within…

By Kerry Griffin