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Filtered By Category: Taxation

Jun 15 2017

Annual Tax on Enveloped Dwellings

Categories: LeisureTaxation

Do you own your FHL property through a limited company or mixed member partnership? If so, and any one property is valued at more than £500,000 then you will have been required to complete and submit an ‘Annual Tax on Enveloped Dwellings’ (ATED) return by 30 April. Relief from the ATED charge, which starts at more

Jun 9 2017

£10 million tax savings secured for EQ clients

Categories: Taxation

Our specialist R&D team of six handle over 50 claims each year, and have achieved over £10 million of tax savings for clients throughout Scotland during the last six years, including those working within food and drink, manufacturing, engineering, software development and design sectors. The amount of claimants of R&D tax credits has rocketed in recent more

May 31 2017

VAT fuel scale charges

Categories: Amber AccountingTaxation

HMRC have issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2017. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. You can find the more

May 22 2017

P11D deadline approaching

Categories: Taxation

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2017, are due for submission to HMRC by 6 July 2017. The process of gathering the necessary information can take some time, so it is important that this process is not left to more

May 17 2017

Residential Property Tax Changes

Categories: Taxation

Cheryl Whitton and Sandi Drummond from our specialist property tax team are looking forward to exhibiting at The Agency Business conference in Glasgow tomorrow – Thursday 18 May 2017. Pop over and say hello to our team at stand 5 if you are attending. Individuals who own and let property are now facing significant changes to more

May 12 2017

General Election and Tax Law

Categories: Taxation

With the announcement of a snap General Election on 8 June the time available for scrutinising proposed legislation was short so the Finance Act was rushed through Parliament. Many clauses have not made it to the final legislation due to time constraints. These include the provisions to enable Making Tax Digital, changes for Non Domiciled more

Apr 14 2017

VAT Flat Rate Scheme – Limited cost trader

Categories: Taxation

Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. In some cases where a trader has voluntarily registered for more

Apr 10 2017

Tax-Free Childcare to be rolled out from 28 April 2017

Categories: Taxation

Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, will be launched from 28 April 2017. For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs making a total amount more