OUR LATEST INSIGHTS

Blog13th Nov 2020

Capital Gains Tax – Is a rate increase on the horizon?

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for a hike in the rate of Capital Gains Tax (“CGT”) as well as the very real possibility that some reliefs might be withdrawn altogether, for example Business…

Blog9th Nov 2020

The Third Sector & The Next Normal

The events of 2020 have been unlike anything we could have anticipated. They have triggered developments across all organisations as we all continually reacted to new, and rapidly changing, guidelines from the World Health Organisation and both the Scottish and…

Blog9th Nov 2020

Deals+ Energy Deals Done in the UK Q3 2020

As featured in Energy Voice, Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share our quarterly Deals+ update for Q3 2020, highlighting selected Energy M&A and Fundraising transactions across the UK.

Blog5th Nov 2020

Coronavirus Job Retention Scheme extended until March 2021

Additional guidance was released by the government yesterday afternoon, Thursday 5th November 2020, outlining further changes to the Coronavirus Job Retention Scheme (CJRS), which came into effect on 1st November 2020.

Blog4th Nov 2020

Extension of the Self Employment Income Support Scheme Grant

*Updated 11 January 2021* The furlough scheme was due to end on 31 October but following the announcement that England is to enter another period of lockdown, this has been extended until March 2021. On the back of this, the…

Blog3rd Nov 2020

IFRS 16 COVID amendment at a glance

For those companies which had to go through the long and painful process of accessing which contracts did and did not contain a lease, the thought of having to process the lease amendments which have arisen as part of COVID-19…

Blog29th Oct 2020

COVID-19 HMRC Statutory Residence Test “Exceptional Circumstances”

Tax Residence in the UK, and therefore by definition, UK tax exposure on worldwide income and gains, is largely determined by days of presence in the UK. The impact of the COVID-19 pandemic on worldwide travel has been significant, leading…

Blog27th Oct 2020

IR35 off payroll working reform – education is key

As we edge closer to April 2021 when the private sector will be hit with new IR35 legislation, pushing responsibilities for contractor assessments and deduction of tax up the contractual chain, it is now time for businesses to dust off their IR35 plans from…

Blog26th Oct 2020

Sold UK property in 2018/19? You could be next on HMRC’s ‘hit list’

HMRC have confirmed they will be issuing over 14,000 letters before 30th November to individuals who have sold a UK property in 2018/19, that didn’t appear to be their main home and which could therefore potentially be subject to UK…

By Lynn Gracie

Blog20th Oct 2020

Postponed import VAT accounting – A Brexit plus point

*Updated 4 March 2021*

By Alistair Duncan

Blog15th Oct 2020

A balanced energy transition: our responsibilities as leaders in the energy sector

The Scottish Government’s announcement in the early summer of a £62million support package to help deliver a net zero future was warmly welcomed across the Energy sector. Not only does this respond to and show real commitment and support to meeting Scotland’s ambitious climate change targets, it also…

Blog13th Oct 2020

HMRC have undeclared holiday letting income in their sights…

The 2019 financial statements for Airbnb have recently been published and include a note confirming that it will share data with HM Revenue & Customs (“HMRC”) about the letting income earned by its hosts in the 2018 and 2019 tax…