Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
09 March 2020
UK Budget predictions 2020 - Property TaxesThere will be a fundamental change to the payment of capital gains tax (CGT) for those selling or gifting second homes or rental properties situated in the UK after 5 April 2020.
06 February 2020
Draft Scottish Budget 2020/21: what you need to knowThe Budget sets out the tax and spending plans for the year ahead and these proposals now need votes from opposition parties to pass the measures. The key tax announcements in the Scottish Budget included minimal changes to Scottish income tax bands for 2020/21 and a new charge for LBTT on certain leases that comes into effect from tomorrow (Friday 7 February) - to read more about the LBTT changes read Paul McGonigal’s blog.
17 January 2020
Taking the scenic route – Scottish Budget date 2020Finance Secretary, Derek Mackay, announced that the Scottish Government will now publish its budget on 6 February 2020, in response to the UK Chancellor announcing that the UK Budget will take place on 11 March. We explore what this timing clash means for businesses and how you can prepare.
16 December 2019
Getting myrrh for your money - how gift aid on charitable donations can help you and your good causeThe festive season is now entering in to full swing and the spirit of giving and receiving at this time is high. This generosity often extends to charities, with research finding that 1 in 3 people say they are more likely to donate to a good cause during the run up to Christmas.
11 December 2019
What tax changes could the election result bring about for rural businesses?This year the festive period has been commandeered by the politicians. Not only do we have the usual tasks of pre-ordering the turkey and stocking up on the sherry, we also have to get to the polling booths tomorrow and cast our vote for the future. After the election result on the 13 December, we will have the fallout to manage, along with a UK and Scottish budget to plan for in the New Year and finally our ‘exit’ from the EU on 31 January. There are certainly significant changes ahead for our tax system as we know it - so how can we plan in what is a time of flux, and what hints have we got from the Ghost of Christmas Yet To Come as to what these changes might be?
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