Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
30 July 2024
Autumn budget day confirmed and latest tax changes announcedOver recent months in the run up to the general election it has, in tax terms, been ‘all quiet on the Western Front’. Monday’s announcement that the UK budget will be on 30 October and the release of draft tax legislation for Finance Bill 2024-25 changed all of that and what is clear is Labour are following through on pre-election pledges.
04 July 2024
Additional Dwelling Supplement (ADS) – Changes effective from 1 April 2024Following an extensive consultation period by Revenue Scotland, new legislation was introduced on 1 April 2024 to alter and, in most instances, improve the Land and Buildings Transaction Tax (“LBTT”) rules in respect of the Additional Dwelling Supplement (ADS).
23 April 2024
How changes to the Furnished Holiday Lettings scheme could impact the Agritourism sectorFarmers have diversified over the years with many tapping into new revenue streams such as agritourism, providing holiday accommodation under the Furnished Holiday Lettings (FHLs) regime.
23 November 2023
Autumn Statement 2023: big money for business and pennies in the pockets of workersSusie Walker, Partner and Head of Tax, has commented on the Autumn Statement 2023. She said: “There was big money for big business, and a few extra pounds in the pockets of workers, but little to encourage or inspire start-ups and SMEs in the Chancellor’s Autumn Statement.” Read more here.
07 September 2023
The latest on reporting UK property disposalsThe UK property capital gains tax (“CGT”) reporting regime has been with us for a considerable time now (since 6 April 2015 for non-UK tax residents and 6 April 2020 for UK residents). Various changes have been made over the years and this article summarises the current state of play.
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