OUR LATEST INSIGHTS

Blog26th Apr 2019

Important VAT Changes – Construction Reverse Charge

Important VAT Changes – Construction Reverse Charge

Blog22nd Apr 2019

Capital Gains Tax – HMRC consulting on upcoming UK property changes

On 1 April, HMRC opened a new consultation on the upcoming changes to the taxation of property disposals made by individuals. Please see our recent blog, “UK Property – Important taxation changes on the way”, for the background of the…

Blog19th Apr 2019

Short Term Business Visitors – Deadline Approaching

An Appendix 4 Short Term Business Visitor (STBV) arrangement provides an opportunity for employers to relax the strict PAYE requirements for individuals employed by a related overseas company who come to work in the UK for the UK company or…

Blog15th Apr 2019

Pensions Tax Trap intended for Super Rich now threatens ordinary workers.

Whats the issue? The Pensions Lifetime Allowance Savings Limit (LTA) was originally introduced by HMRC to introduce an additional tax on the very wealthiest pensioners, or at least those who have managed to build up a significant pension fund at…

By Lynn Gracie

Blog12th Apr 2019

Norwegian Income Tax Returns – Deadline Approaching

As part of the Norwegian income tax compliance process, individuals who have worked in Norway, either offshore on the Norwegian Continental Shelf or onshore in Norway have a responsibility to complete a Norwegian income tax return.

Blog9th Apr 2019

R&D Tax Relief: Preventing Abuse of the SME Scheme

Research and Development (“R&D”) tax relief is a government initiative to try and support businesses investing in innovative activities. The relief is an attempt to support the government’s aim of increasing UK expenditure on R&D to 2.4% of GDP by…

Blog8th Apr 2019

Employment Related Security Reporting

As we are nearing the end of another tax year, employers need to start turning their attention to the various ‘end of year’ returns that need to be submitted to HMRC.

Blog5th Apr 2019

No ‘duty free’ for personal taxes!

The world has definitely become a smaller place, but in international personal tax terms, it is bigger and more dynamic than ever.

Blog2nd Apr 2019

Incorporation – The Forgotten Tax Planning Tool

During the mid to late 2000s, when the top rate of income tax was as high as 50%, operating as a limited company was viewed as the ‘gold standard’ in terms of tax-efficiency and shareholder protection. In the 10 years…

Blog1st Apr 2019

When companies go bust, who gets what – Part 2

In November 2018, my article “When companies go bust, who gets what?” went live on the AAB website. As with all these things, it had been drafted shortly before publication date, and most crucially before the Chancellor’s budget on 29…

Blog26th Mar 2019

5.6 Million Offshore account details handed over ….  No surprise when HMRC confirms new strategy ‘No Safe Havens 2019’

Since 2010, the government has introduced over 100 new measures to tackle tax non -compliance, which have raised some £200 billion in additional revenue. This has been helped by the global exchange of information, where over a hundred countries have…

By Lynn Gracie

Blog25th Mar 2019

Brexit … now affecting UK Tax Return Late filing penalties

Self Assessment tax returns not submitted by the 31 January deadline, incur an automatic £100 late filing penalty. HMRC do not normally “dilly-dally” when issuing penalty notices, however this year is a bit different. The reason? Brexit. HMRC are anticipating…

By Lynn Gracie