OUR LATEST INSIGHTS

Blog23rd Jan 2020

The VAT Act is “Always Speaking”

The world has changed considerably since VAT was first brought into the UK in 1973, nowhere more so than in the world of digital media.  When the zero rating for newspapers was being drafted, the idea of digital publications was…

Blog20th Jan 2020

Happy New Year! Is it time for a spring clean already? – Tackling taxation issues

With the festive season over, the start of a new year gives employers an ideal opportunity for a spring clean of their compliance processes and taxation issues, and to identify any tax planning opportunities. 

Blog16th Jan 2020

Fishing Boats & HMRC’s Change of Policy on Tax Relief

For those in the fishing industry, the investment in a new boat is significant regardless of the size and scale of the fishing enterprise. The Capital Allowances (CA’s) regime on boats over the years has been generous, particularly as certain…

Blog14th Jan 2020

2019 Market Reflection

Despite some positives it would be a fair assessment to note that deal making in 2019 has been somewhat of a challenge. However, as is widely known, when markets are in a state of uncertainty this can present opportunities, and this appears to be the…

Blog9th Jan 2020

The Positives of Insolvency – How we help

Recently, members of the R2 team caught up with other insolvency practitioners and solicitors at our annual Scottish conference, which is a more entertaining event than it sounds! Over the course of the conference, the conversation covered all the normal topics of…

Blog8th Jan 2020

IR35 – Will the Government Listen?

On 7 January 2020 the Chancellor, Sajid Javid, announced that the Government will carry out a review of the off-payroll reform, known as IR35, which is due to come in to affect in April 2020. As part of the review,…

Blog6th Jan 2020

Statutory Parental Bereavement Pay – Are your Parental Leave policies up to date?

After many years of campaigning, the Parental Bereavement (Leave and Pay) Act 2018 is due to come into force in the new tax year, meaning that parents will be entitled to a day-one right to statutory leave of two weeks…

Blog18th Dec 2019

Temporary Pensions Tax Measures for NHS Staff

NHS Scotland Staff

Blog16th Dec 2019

VAT Grouping – The acceptable face of VAT planning

A question that we are frequently asked by our clients is “Should I create a VAT group?” With changes in the eligibility rules extending membership of a VAT group to individuals and partnerships, this is a question that is likely…

Blog9th Dec 2019

Use Your (Artificial) Intelligence

Employing Artificial Intelligence to answer questions with your data There can be huge opportunities for utilising the recent improvements in artificial intelligence (AI) to help make better decisions with data.  Increasingly large volumes of data are being processed and generated daily from multiple areas within the average business, and decision makers can find it challenging to glean…

By Stephen Lawie

Blog9th Dec 2019

CEST – Changes for the Better?

HMRC have made almost 40 updates to their Check Employment Status for Tax (CEST) tool this month to make it ‘clearer, reduce user error and consider more detailed information’ by including and making changes to around 30 questions. HMRC have…

Blog5th Dec 2019

Tax Challenges (& Opportunities) for UK Corporates

Over the years the UK has continued to drive towards a more competitive Corporate Tax (CT) regime. This has been achieved by various means, including lowering the headline rate to 17% from April 2020, which will be amongst the lowest…