OUR LATEST INSIGHTS

Blog9th Mar 2020

Is COVID affecting your travel plans? Don’t let it also affect your tax residence position

Following the outbreak of Coronavirus, some employees are finding that they are unable to travel to their place of work overseas, mainly due to company imposed travel restrictions to various affected countries. These companies are clearly acting in their employees’ best interests, and…

Blog6th Mar 2020

2019 Norwegian Income Tax Returns – Get Ahead of the Deadline

Individuals who have worked in Norway, either offshore on the Norwegian Continental Shelf or onshore in Norway are required to complete a Norwegian income tax return.

Blog5th Mar 2020

No Safe Havens for those with Offshore Income or Assets – Have you received a letter from HMRC?

Historically it was very difficult for HMRC to find out about offshore assets, income, gains and transfers which should have been declared in the UK, but for whatever reason, be it innocent or deliberate, were not reported. 

Blog3rd Mar 2020

It’s That Time of Year

At last – we’ve reached the end of February, the days have started to draw out, we might even get some respite from the weather. Spring is in the air and a new financial year is on the horizon. Why…

Blog28th Feb 2020

Tax Relief for Building Costs

Where contracts are entered into after 29 October 2018 for construction projects on non-residential properties, taxpayers can now potentially benefit from a claim for Structures & Building Allowances (“SBA’s”) on these costs. The claim is made at a rate of…

Blog27th Feb 2020

Rewarding Innovation

The UK government understands that promoting UK innovation is key to making the UK more competitive globally, increasing productivity and fuelling economic growth. One aspect of this is the promotion of Innovation tax reliefs available to both Small and Medium Sized Enterprises (SMEs) and large companies.  

By Derek Gemmell

Blog26th Feb 2020

The Death of Inheritance Tax as we know it?

A radical overhaul of the current UK Inheritance Tax (“IHT”) system has been recommended by a group of MPs. The All-Party Parliamentary Groups (APPG) for Inheritance and Intergenerational Fairness has published several bold suggestions which, if adopted, would represent the biggest change…

Blog25th Feb 2020

Enhanced Capital Allowances

The 2018 budget announced the elimination of Enhanced Capital Allowances (“ECAs”) for expenditure on energy and water efficient plant and machinery from 1 April 2020 for companies and 6 April 2020 for unincorporated businesses.  This date is fast approaching and…

Blog22nd Feb 2020

Selling a Second Property? HMRC now want to know about it within 30 days

*Updated 1 May 2020*

By Jill Walker

Blog20th Feb 2020

Trivial Benefits – Where are the rules?

In April 2016, HMRC introduced new legislation to allow employers to provide tax-exempt gifts and entertainment to employees, namely Trivial Benefits. This exemption reduces reporting obligations and any tax or National Insurance charge where all of the following conditions are met: 

Blog17th Feb 2020

Solutions in the quest to bridge the deal-making gap

Since the downturn, bridging the gap between buyer and seller price expectations has been a constant challenge and for some time the gap was just too big for many to give serious consideration to a transaction. However, in recent years we have seen more…

Blog17th Feb 2020

Positive outlook for Oil & Gas deal activity

2019 was an interesting year for deal-making as despite the political and economic challenges, there were a number of notable transactions closing across a range of sectors including energy, food & drink, technology and construction. Although deal volumes involving large…

By Callum Gray