Blog1st Mar 2021Top finance tips for the construction sectorThe construction sector has experienced a sustained period of challenge, the weak period of trading many experienced Q2 to Q3 2020 due to Covid has caused finance challenges to continue. Whilst some of these challenges were relieved by good cash…View more
Blog1st Mar 2021Budget 2021 – will we see changes to Tax rates and reliefs?Before the scheduled Autumn budget, advisors and taxpayers alike were bracing themselves for a hike in the rate of Capital Gains Tax (“CGT”) as well as the very real possibility that some reliefs might be withdrawn altogether. For example Business Asset Disposal…View more
Blog26th Feb 2021Brexit changes for UK residents with EU propertiesFollowing our previous blog on the personal tax impact of Brexit, it seems those who own property in France or Spain may be particularly affected by Brexit.View more
Blog25th Feb 2021R&D Tax Relief: Preventing abuse of R&D for SMEsFollowing our previous blog posts on HMRC’s intention to prevent abuse of the Research and Development (“R&D”) Scheme for SMEs (https://blog.aab.co.uk/rd-tax-relief-preventing-abuse-of-the-sme-scheme) here is a reminder of the upcoming changes to the scheme.View more
Blog24th Feb 2021Have you considered how you will finance your latest development?The Construction sector has seen a sustained period of challenge with weak output experienced from Q2 2020. As a result, many of the funding challenges experienced by construction developers in these months were largely relieved by extended exclusivity agreements and payment holidays. However, we…View more
Blog22nd Feb 20212020 – The Year of ChangePrior to the global lockdown restrictions being imposed in March 2020, appreciating it is difficult to recall those days, deal flow was relatively strong with the momentum seen in the second half of 2019 translating into the successful completion of a number of high-profile transactions in Q1 2020. Examples of this including the acquisition of…By Callum GrayView more
Blog22nd Feb 2021BNO status and considering a move from Hong Kong to the UK?Moving to the UK from Hong Kong ? – British National Overseas (BNO) Status allows for new UK Visa applications, but UK Tax Advice and support should form part of an essential “to do “list.. Hundreds of thousands of Hong…View more
Blog18th Feb 2021Did you defer your VAT due to COVID?*Updated 23 February 2021* The VAT Deferred payment scheme is now open and can be applied for using the following link: https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19 If you have any queries regarding the scheme, please contact your usual AAB contact.View more
Blog17th Feb 2021Construction Reverse Charge upcoming changes – Q&AImportant VAT changes are coming to the construction and property sector from 1 March 2021. The Construction Reverse Charge is being introduced, changing who is responsible for accounting for VAT in relation to certain supplies. But what does this mean?…View more
Blog16th Feb 2021Business Asset Disposal Relief – When is a Preference Share an Ordinary Share?Business Asset Disposal Relief (BADR), previously Entrepreneurs’ Relief, reduces the Capital Gains Tax rate on qualifying BADR Gains to 10%, as opposed to the current 20%.View more
Blog16th Feb 2021Scottish Family Business Day – Q&AScottish family businesses are the engine room of the Scottish economy with many of them having been around for generations. Recent studies have shown that around 65% of all private businesses in the UK are family controlled and that family…View more
Blog15th Feb 2021Gender Pay Gap Reporting – what do you need to do in 2021?Gender Pay Gap Reporting was introduced in April 2017 for those companies with a headcount of 250 or more at their “snapshot date”, however in March 2020 due to the Coronavirus outbreak, the Government Equalities Office (GEO) and the Equality…View more