Mar 25 2019 Liz Goldie awarded the highest level of tax qualification in the UK Categories: EQ NewsPeopleTaxation Congratulations to Liz Goldie, based in our Cupar office, who has passed the prestigious Chartered Institute of Taxation (CIOT) exams, qualifying as a Chartered Tax Advisor (CTA). The CIOT is the leading professional body in the UK for advisors dealing with all aspects of taxation and Liz will now bring our total number of Chartered more
Mar 14 2019 Research & Development Claim Settled! Categories: Taxation Our team recently completed two Research & Development (R&D) claims for an engineering client based in the East of Scotland, resulting in a client saving of £156,386! Our client is researching and developing wind energy technology for offshore installation. The work performed by our client is all pre-revenue and is primarily engineering conceptual work and design more
Mar 13 2019 Spring Statement Commentary Categories: Taxation Chancellor, Philip Hammond, delivered his brief Spring Statement earlier today which was met with the usual mix of back slapping and derision in equal measures, intensified no doubt by the spectre of Brexit. Carrots were dangled with post Brexit bonuses in the event of a deal being struck, particularly given the UK’s encouraging borrowing figures. more
Mar 7 2019 Research & Development Claim Settled! Categories: Taxation Our team recently completed a Research & Development (R&D) claim for a client based in the West of Scotland, resulting in a client saving of £23,400! Our client is a University spin out company specialising in the design and development of tactile sensory technology. During the year of claim, the company was involved in several qualifying more
Mar 1 2019 HMRC Delay Issuing Self Assessment Penalty Notices Categories: Personal TaxTaxation More than 11.5 million taxpayers were required to file their Self Assessment Tax Return by midnight on 31 January, and according to HMRC, a record 93.68% submitted on time. However, there were still 731,186 taxpayers who missed the deadline. As part of EU Exit contingency planning, HMRC have decided to make a change to the more
Feb 21 2019 Innovation from HMRC: R&D tax credit online service Categories: Taxation On 11 February 2019, HMRC launched a simplified, digital approach for SMEs to submit Research and Development (R&D) Tax Credit claims. The new online template clearly details the information needed to support the claim which is then sent to HMRC in a standardised format, thereby making it easier for some companies to claim and HMRC to more
Feb 18 2019 Making Tax Digital for Dental Practices – what is it all about? Categories: HealthcareMaking Tax Digital Making Tax Digital (MTD) will be at the forefront of the minds of business owners and advisers over the next few months but what is it all about? MTD is the idea that all your business transactions will flow seamlessly to HMRC by electronic means at the press of a button. Enabling HMRC to estimate more
Feb 14 2019 Research & Development Claim Settled! Categories: Taxation Our team recently completed two Research & Development (R&D) claims for a client in the renewable energy sector based in the East of Scotland, resulting in a client saving of £40,854! Our client has been developing new technology in the use of biomass and its application to efficient heating of greenhouses. Our client has been trialling more