Insights

Rosalind Catto

Inverness Office Head & Business Advisory Partner

07 September 2021

Changing VAT rates for the hospitality and tourism sector

In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for the hospitality & tourism sector. This period of reduced VAT is coming to an end on 30 September 2021. Rosalind Catto, Head of Hospitality and Tourism, takes you through which VAT rates are changing and when.

18 August 2021

Financial Services

Open Banking - coming of age

As we reach the fifth birthday of Open Banking’s conception, and in light of the Competition and Markets Authority (CMA)’s recent mandate on ‘sweeping’, it seems an opportune time to reflect on progress to date as regards adoption of Open Banking, and also some key factors that may be attributable to holding back its success.

13 August 2021

National Minimum Wage Compliance Update

HMRC’s latest National Minimum Wage (NMW) ‘naming and shaming’ list was released earlier this month, revealing a total of 191 employers across the UK who have failed to pay staff the legal minimum in accordance with NMW Regulations. Of these 191 businesses, 22 were North of the Border which is proportionally higher than other parts of the UK.

Senga Prior

Tax Senior Manager

08 August 2021

Rural

Tax considerations for furnished holiday lets

A popular way for farmers to generate additional income is the letting of excess farm cottages as furnished accommodation on short-term lets, also known as furnished holiday lets (FHLs). Some have gone even further, building bespoke cottages or cabins.

Jamie Davidson

Corporate Finance Director

Connect on LinkedIn

04 August 2021

Infrastructure & Renewable Energy

Renewable Energy: Deployment Levels in Scotland 2020

The Scottish Government set a target to generate 50% of Scotland’s overall energy consumption from renewable sources by 2030, and to have decarbonised the system almost completely by 2050. Here, we have set out the progress made to date in relation to electricity, heat and transport.

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