Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Laura Carter
Early Careers Senior Manager
20 January 2022
MTD for VAT legislation from 1 April 2022 – are you affected?Making Tax Digital (MTD) is a vital component of the Government’s plan to make it easier for individuals and businesses to get their tax right and keep on top of their affairs through a fully digital tax system. From 1 April 2019 MTD compliance became mandatory for most VAT registered businesses with a taxable turnover above the current threshold (£85,000), and the next phase of MTD for VAT is coming into force on 1 April 2022.
17 January 2022
Passing on your property in a tax-efficient wayPassing on land and property assets without incurring tax continues to be a challenge, particularly for residential or commercial property. However, careful planning can ensure you are able to manage the succession of these in a tax efficient manner - Alex Docherty explains in more detail in this article.
Angela Boag
Technical Specialist
14 January 2022
Trustees, your trust needs you!In case you missed it, the law around trusts has changed and now trustees (of most trusts) will have to register with HMRC, on the Trusts Registration Service, by 19 September 2022. Angela Boag, Technical Specialist in our Wealth team, explains further.
10 January 2022
The key role of the rural sector in achieving net zeroEvery farm and estate will start the journey to net zero from a different place and will need a unique action plan.
07 January 2022
Johnston Carmichael energy experts look ahead to 2022After a year of rising gas prices, COP26 in Glasgow, the suspension of Cambo and the continued challenges of the pandemic, it’s been an extraordinary year for the Scottish energy sector.
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