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Insights

Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.

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01 August 2019

  • Corporate Tax
  • International Tax
HMRC update: tax treatment of dividends from Hong Kong, Falkland Islands and Faroe Islands

On 25 April 2019 HMRC updated the list of territories that it considers to have an appropriate non-discrimination provision in their tax treaties with the UK. Hong Kong, the Falkland Islands and the Faroe Islands were removed from this list.

31 July 2019

  • Construction & Property
  • VAT & Duty
Should you remain in the VAT Flat Rate Scheme after 1 October?

From 1 October 2019 a domestic “reverse charge” rule will be in force, affecting the VAT treatment of supplies in the construction sector. Businesses who remain in the Flat Rate Scheme may be worse off if they don’t revert to standard VAT accounting before 1 October.

Mark Stewart

Mark Stewart

Edinburgh Office Head & Corporate Finance Partner

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30 July 2019

  • Infrastructure & Renewable Energy
  • Corporate Finance
Hydrogen technology fuels green ambitions for Western Isles ferries

A ground-breaking feasibility study into using locally-produced hydrogen to power ferries on the Western Isles of Scotland has now been completed - and the results are pleasingly in favour of a zero-carbon future for sea-travel.

Donald McNaught

Donald McNaught

Restructuring Partner

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26 July 2019

  • Corporate Tax
  • Restructuring
The 2019 Loan Charge – what does it mean for you?

The 2019 Loan Charge came into effect on 5 April 2019 and was introduced by HMRC to tackle the use of disguised remuneration schemes by both corporates and self-employed individuals.

24 July 2019

    Getting your staff entertainment costs right

    HMRC have recently launched a campaign in relation to staff entertainment costs. You may have received a letter from them, however you may not have done anything wrong. Brain Rudkin looks at the reasons why letters have been sent and what you should do if you receive one.

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