OUR LATEST INSIGHTS

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

Blog13th Feb 2020

Pensioners and Portugal’s Non Habitual Residence Scheme – is the “Golden Visa” about to lose some of its brilliance?

It looks like time is about to be called, albeit initially gently, on the significant tax breaks enjoyed by many pensioners retiring to Portugal through the Non Habitual Residence Scheme (NHR).

Blog11th Feb 2020

The Scottish Budget 2020/21

The Scottish budget for 2020/21 has been delivered, but what does it mean for the Scottish taxpayer? 

Blog10th Feb 2020

Deals+ O&G Deals Done in the UK Q4 – 2019

As featured in Energy Voice, Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share our quarterly Deals+ update for Q4 2019, highlighting selected Oil & Gas M&A and Fundraising transactions across the UK.

Blog7th Feb 2020

IR35 off-payroll reform – full steam ahead!

HMRC have this morning announced a fundamental change to the upcoming off-payroll reforms and formally published the updated guidance following their slip up earlier this week.