Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
22 January 2021
Scottish Budget 2021: What to expectBilled as the most important budget since devolution, the draft tax and spending plan for the Scottish government will be delivered on 28 January 2021. Our Head of Tax, Susie Walker, discusses some of the changes we might see announced next week.
14 January 2021
Could preference shares prevent you from qualifying for Business Asset Disposal Relief?Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, is a relief which allows an individual to benefit from a reduced rate of 10% Capital Gains Tax (CGT) when selling shares in a trading company. There have been a few cases recently where HMRC has challenged whether BADR should be available on a disposal of shares, and this has come down to how the definition of ordinary share capital is applied. A recent case, HMRC V Warshaw, is a good example of this.
30 December 2020
Brexit trade deal – action for businesses and employers to take nowAlthough we now have a trade deal with the EU, there are still new procedures to follow from 1 January 2021, so we would advise all clients who import from or export to the EU, or businesses who have employees working within the EU, to conduct the following checks now.
03 December 2020
Brexit: Social security update and guidance on visiting second homes in EUWe’ve one eye on the news this week as Brexit negotiations gather pace. The latest updates indicate that we should know the outcome within the next few days, and there’s even a chance we could know by tomorrow (4 December). While we’re waiting, I’d like to highlight two areas we do have clarity on - social security and second homes in the EU.
18 November 2020
Top tips for transfer pricingTransfer pricing refers to the terms and conditions of transactions between associated parties, such as companies within the same group. In this blog, we explain why transfer pricing is an important consideration for international and UK-based businesses and our top tips for ensuring you are compliant with this often-complex legislation.
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