Blog9th Mar 2021EMI ConsultationIn a bid to support UK business growth and employee retention, the government has announced they will be reviewing the HMRC approved Enterprise Management Incentive (“EMI”) share scheme with a view to making EMI accessible to more businesses.View more
Blog5th Mar 2021Payrolling Benefits – Act now!As we approach the end of the 2020/21 tax year, we will shortly be in the P11D reporting window for employee benefits. While completing P11Ds may be something that you have done for as far as you can remember, it…View more
Blog4th Mar 2021Coronavirus Job Retention Scheme extended until September 2021Following on from the Budget that was delivered by the Government yesterday, Wednesday 3rd March, it has now been confirmed that Coronavirus Job Retention Scheme (CJRS) will be extended until September 2021.View more
Blog3rd Mar 2021Budget 2021 – The Enhanced Value of R&D for CompaniesThe cost to the taxpayer of Covid by the end of the next financial year is predicted to be £407 billion, much of which has been funded by debt. View more
Blog3rd Mar 2021New Extension to VAT Rate Cut for Tourism & Hospitality IndustriesFollowing Rishi Sunak’s budget announcement earlier today the temporary reduced rate of 5% VAT for the Tourism and Hospitality Sectors has been extended for a further 6 months until 30th September 2021. Furthermore, an interim rate of 12.5% will be…View more
Blog2nd Mar 2021IR35 Off-Payroll Reform – A RecapAs we find ourselves in another National lockdown, businesses may be questioning whether we will see another delay to the implementation of the IR35 Off-Payroll Working changes due to come in from April 2021. This however is wishful thinking as we hear the government…View more
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for a hike in the rate of Capital Gains Tax (“CGT”) as well as the very real possibility that some reliefs might be withdrawn altogether.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