Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
28 May 2026
Scotland’s energy sector: the capability is here. Now we need the conditionsThe conversations around All-Energy in Glasgow in May, spanning operators, supply chain firms and technology developers, have reflected a strong sense of positivity across the sector. Despite ongoing national debate over energy security and policy, there is clearly no shortage of willingness or ambition. What there is though, is a sure and damaging lack of certainty.
19 May 2026
Major UK Construction payment reformsThe UK Government’s proposed crackdown on late payment and ban on retentions could transform construction payment practices, with major implications for cashflow, risk allocation and contract strategy across the sector.
07 May 2026
AEOI registration and reporting requirements for trusts, partnerships, and companiesTrusts, companies and partnerships which fall within the Automatic Exchange of Information (‘AEOI’) rules may be required to take action before 31 May to register with HMRC and submit the annual declaration.
01 May 2026
Supreme Court decision: capital allowances and pre-construction costsThe Supreme Court has ruled that a range of pre‑construction studies and surveys undertaken as part of windfarm developments do not qualify for capital allowances, finding that these costs were too remote from the statutory requirement that expenditure be incurred “on the provision of” plant and machinery. This decision has significant implications for businesses in capital‑intensive sectors and may prompt taxpayers to review the robustness of existing and future claims.
23 April 2026
Electricity Generator Levy to increase to 55% from 1 July 2026From 1 July 2026, the Electricity Generator Levy will rise from 45% to 55%, increasing the tax burden on generators earning exceptional profits. We break down what the change means, who it affects, and the wider commercial and tax implications for businesses in scope.
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