OUR LATEST INSIGHTS

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…

Blog12th Oct 2020

How to be seen to be green, without just a lick of paint

The global focus and dependency on fossil fuels and shift towards low carbon energy has been building for many years, but it has only in the last 18 to 24 months become a leading agenda item in national and international political arenas. It has been projected into our public…

Blog7th Oct 2020

Should you set up a family investment company to protect your family wealth?

There is no ‘one size fits all’ approach when it comes to protecting family wealth, passing this to future generations in an appropriate way, and at the ‘right time’. Setting up a Family Investment Company (“FIC”) is increasingly a popular…

Blog5th Oct 2020

Coronavirus Employment Support Measures – An Update

On Friday afternoon the government issued some updates to the guidance on the Coronavirus Job Retention Scheme (CJRS) and published new guidance for the Job Retention Bonus (JRB) alongside how it will interact with the new Job Support Scheme (JSS).…

By Adam Flight

Blog5th Oct 2020

Corporate Tax Considerations to Maximise Cash & Retain Employees

The past few months have been very challenging for the majority of businesses, large and small.  Not just locally or nationally, but on an international basis, requiring owners, managers and directors to juggle various important factors such as staffing levels, financing options and cashflow…

Blog1st Oct 2020

Relocating from or to the US? Here are the key tax situations to be aware of

Individuals relocating from, or to the US can face particularly challenging tax situations when compared to other jurisdictions, not least dual reporting requirements and very conflicting approaches to taxing the same sources of income or gains.

Blog30th Sep 2020

M&A activity – the family business sector

As featured in The Scotsman Annual Deals Supplement AAB’s Edinburgh Managing Partner & Head of Deals in the Central Belt, Lyn Calder, reflects on M&A activity in the family business sector. Early 2020 activity In early 2020, before any of us…