Mar 27 2024 Introducing RCI: How Trustees of Unincorporated Charities or Trusts in Scotland Navigate the New Legal Landscape Categories: Charities As of April 1st, 2024, Scotland is set to embark on a new journey with the implementation of the Registers of Persons with a Controlled Interest in Land (RCI). This landmark legislation aims to promote transparency and accountability in land ownership, marking a significant step forward in the realm of property law. For Trustees of more
Mar 27 2024 Future tax changes affecting GPs Categories: HealthcareTaxation In the age of tighter margin, Scottish GP practices should make sure they are reviewing the partner current accounts regularly and project into the future to ensure they remain positive. This will be even more crucial with the basis period changes for tax as well as the normal retirement and changes in partners. Going forward, more
Mar 27 2024 A short-term win for GP parents Categories: HealthcareTaxation Where many GP’s income is above £60,000 and they therefore have not claimed child benefit or stopped payments, it may be time to re-start them. The chancellor announced in his budget recently that the threshold will increase to £60,000 for any claw back and the tapering will increase to £80,000. This means that as long more
Feb 16 2024 Construction Industry Scheme (CIS) changes from 6 April 2024 Categories: Property & ConstructionTaxation The CIS requires many businesses carrying out construction work to deduct tax (at either 20% or 30%) before paying subcontractors unless the supplier has gross payment status (GPS), which HMRC will grant to subcontractors who show a good record of tax compliance. From 6 April 2024, VAT obligations are added to the statutory compliance test more
Feb 14 2024 Is your FHL business exceeding the VAT threshold? Categories: LeisureTaxation It is crucial to ensure that your business is VAT registered once it breaches the VAT threshold of £85,000. The threshold should be monitored on a rolling 12-month period, and many business operators do not realise this. The supply of FHL accommodation is a standard rated supply with VAT chargeable at 20%. This can have more
Jan 31 2024 Christie & Co’s Business Outlook 2024 Categories: Healthcare Specialist business property adviser, Christie & Co, has released its Business Outlook 2024 report, an annual report that looks at the year ahead and gives an overview of the previous year for a number of sectors, including healthcare. Head of EQ Healthcare, Louise Grant, commented; “The Business Outlook report gives an encouraging overview for the more
Jan 29 2024 Is your business stuck in the digital dark ages? Categories: Technology ‘We have always done it this way’ is often referred to as the most expensive words in business. But why is that? Why would you change a working formula? We are living in an era where technology is moving forward each and every day. Just think how far technology has come in the last 10-20 more
Dec 18 2023 New online service for VAT DIY Housebuilder claim Categories: Property & ConstructionTaxation HMRC have launched a new online service which allows DIY housebuilders the ability to recover VAT incurred on their build. This should hopefully speed up the VAT reclaim process. Previously the claims had to be done manually and involved sending paperwork by post to HMRC. For some background information, the DIY Housebuilder scheme tries to more