OUR LATEST INSIGHTS

Blog3rd Mar 2021

Budget 2021 – The Enhanced Value of R&D for Companies

The 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. 

Blog3rd Mar 2021

New Extension to VAT Rate Cut for Tourism & Hospitality Industries

Following 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…

Blog2nd Mar 2021

IR35 Off-Payroll Reform – A Recap

As 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…

Blog1st Mar 2021

Top finance tips for the construction sector

The 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…

Blog1st Mar 2021

Budget 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for a hike in the rate of Capital Gains Tax (“CGT”) as well as the very real possibility that some reliefs might be withdrawn altogether.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…

Blog26th Feb 2021

Brexit changes for UK residents with EU properties

Following 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.

Blog25th Feb 2021

R&D Tax Relief: Preventing abuse of R&D for SMEs

Following 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.

Blog24th Feb 2021

Have 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…

Blog22nd Feb 2021

2020 – The Year of Change

Prior 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 Gray

Blog22nd Feb 2021

BNO 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…

Blog18th Feb 2021

Did 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.

Blog17th Feb 2021

Construction Reverse Charge upcoming changes – Q&A

Important 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?…