Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
11 January 2019
HMRC launches voluntary profit diversion disclosure facilityHMRC has just launched the Profit Diversion Compliance voluntary disclosure facility. This is aimed at multinational enterprises (MNE) with structures and arrangements targeted by the Diverted Profit Tax (DPT) legislation.
17 December 2018
2018 was the biggest and best year yet for The Kiltwalk with over 20,000 walkers taking part. This year’s total is still to be finalised but at last count it was an incredible £4,890,865 for 1,156 charities across Scotland!
13 December 2018
HMRC have recently made some amendments to the way they handle both SEIS/EIS/VCT advance assurance claims, as well as the follow-up certification process that is required to be worked through post investment. Our Entrepreneurial Taxes team have a number of years’ experience dealing with the HMRC’s Enterprise Centre on such matters, and below we share our thoughts on these recent changes, and our experience of working with clients to ensure these new conditions are met.
12 December 2018
Draft Scottish Budget 2019/20: what you need to knowScotland’s Finance Secretary, Derek Mackay, delivered a Scottish Budget with the main objective to “protect what matters most.” He outlined his tax and spending plans for the country for 2019-20 under the shadow of what he described as “the UK Government’s chaotic approach to Brexit”, with the caveat that a “no deal” Brexit could affect the Scottish Government’s spending plans.
04 December 2018
Changes to capital allowances rate - don’t get caught out with timingDoes your business invest in tools and equipment each year? If so, changes announced to the Annual Investment Allowance in the Autumn Budget may make you think twice before you rush to make these purchases before the end of the year!
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