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Alexandra Docherty

Partner and Head of Private Client Tax

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16 September 2021

Private Client Tax

Proposed changes to income tax basis periods delayed by a year

A new Government proposal, which will impact the tax position of unincorporated businesses, trusts and partnerships unless their accounting period is already aligned with the tax year end, has been delayed by a year. The proposal aligns with the Government’s plans for Making Tax Digital (MTD) for income tax, which has also been delayed by a year until April 2024.

Rory Brand

Chartered Financial Planner

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15 September 2021

Wealth

Pensions are cool – no, honestly!

The general public at large, seemingly, has no interest in chatting about pensions. Not us though! Our team of financial planners are always happy to chat pensions and to celebrate Pension Awareness Day 2021 Rory Brand explains why pensions are cool – honestly.

Tony Cochrane

VAT Senior Manager

13 September 2021

Diversifying your rural business - benefit from ever-changing VAT rules

Many rural businesses have diversified, or are considering diversifying, into hospitality and leisure activities as an additional income stream. In the midst of the coronavirus pandemic in 2020, Chancellor Rishi Sunak announced a temporary 5% reduced rate of VAT for hospitality and tourism activities. This period of reduced VAT is coming to an end on 30 September 2021, with a new 12.5% reduced rate applying from 1 October 2021 to 31 March 2022.

Alexandra Docherty

Partner and Head of Private Client Tax

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08 September 2021

A Budget in all but name

The Prime Minister has announced a health and social care levy ahead of the Spending Review and Autumn Budget to be held on 27 October.

Rosalind Catto

Inverness Office Head & Business Advisory Partner

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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.

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