Latest News

Filtered By Category: Services

Sep 30 2021

Supporting ICS2 to move to employee ownership

Categories: Taxation

Our clients, Dundee-based cable manufacturing firm, ICS2 Cables has handed ownership of the business to its employees through an Employee Ownership Trust (EOT), with the whole process being completed in just six months. Established in 2002, ICS2 Cables was originally based in Glenrothes before moving to larger premises in Dundee. Before its fifth anniversary the more

Sep 8 2021

Date confirmed for Autumn Budget 2021

Categories: EQ NewsTaxation

Chancellor, Rishi Sunak, has announced that the next Budget will be on Wednesday 27 October, around a month earlier than had been anticipated. The announcement on the funding of social care yesterday was a clear signal of intent that the UK Government is looking at the funding of the pandemic. So what might be on more

Aug 6 2021

The benefits of reconstructing your business

Categories: Corporate Finance

The COVID pandemic has not only had a massive impact on the way businesses have traded, but on how they are structured. Our EQ Corporate Finance team have been working closely with clients to make sure they aren’t facing any unnecessary tax liabilities as a result. Over the last 18 months, we have been involved more

Jul 6 2021

Employer contribution changes to the CJRS

Categories: Amber AccountingCOVID-19Payroll

The Coronavirus Job Retention Scheme (CJRS) was extended until 30 September 2021, with employers asked to contribute towards the cost of their furloughed employees’ wages from July onwards. As a reminder, we’ve highlighted the changes in the table below: *If the employee is furloughed for 100% of their working hours. The timetable will change if, for more

Jun 23 2021

Funeral directors – Getting the VAT right

Categories: HealthcareTaxation

Funeral directors make supplies which, for VAT purposes, are traditionally a combination of standard rated taxable supplies and exempt supplies. When a mixture of taxable and exempt supplies are made by a business, this gives rise to partial exemption calculations to determine how much VAT can be reclaimed on costs incurred in relation to the more

Jun 8 2021

Zero rate VAT update

Categories: Property & ConstructionTaxation

Following a recent tax case, HMRC have updated their guidance in relation to items which may be zero rated for VAT purposes when constructing a new residential property. Zero rate VAT applies to the construction services and the building materials incorporated into the new residential property by the persons supplying those construction services. The zero more