Insights

Graeme Cran

Tax Senior Manager

08 August 2020

Lower property values can provide planning opportunities

With pressure on both rental income and asset values, it’s not a great time to be a landlord in Aberdeen, but it may be the perfect time to consider Inheritance Tax (IHT) planning opportunities.

Alexandra Docherty

Tax Partner

07 August 2020

HMRC publishes guidance on penalties for incorrect claims under SEISS

HMRC has recently published guidance detailing the steps to take if you have incorrectly applied for and received a grant through the Self-employment Income Support Scheme. The guidance sets how HMRC assess and penalise self-employed workers who have claimed a grant they’re not entitled to.

Gordon MacLure

Restructuring Partner

05 August 2020

HMRC preferential creditor status restored – what this means for lenders and directors

HMRC’s secondary preferential creditor status was restored on 22 July when the Finance Act 2020 received Royal Assent. This makes HMRC, once again, a priority creditor to pay when a company goes into administration or liquidation from 1 December 2020.

Alan Hamilton

Corporate Finance Director

05 August 2020

Building a resilient business - cash flow and funding

There are a number of potential liquidity headwinds which many businesses will face in the coming months as Government support initiatives start to unwind, deferred liabilities such as HMRC payments fall due, and capital holidays on debt facilities come to an end.

Michael McAllister

Senior Manager, Payroll Services

05 August 2020

Coronavirus Job Retention Bonus: what you need to know

The Chancellor announced the introduction of the Coronavirus Job Retention Bonus last month, in a step to reduce the number of people being made redundant as the furlough scheme unwinds. The bonus rewards employers who successfully bring back employers after being furloughed.

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