Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

Its not just brown envelopes which interest HMRC now – ATED

ATED – the background The acronym ATED stands for Annual Tax on Enveloped Dwellings. This is an annual tax levied on residential dwellings worth more than a certain value that are owned, wholly or partly, by a non-natural person (company, partnership with a corporate partner or collective investment scheme). It was introduced in April 2013 […]

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Initial Interpretation of the Draft Finance Bill 2016

On 10 December 2015, the government published draft clauses for the 2016 Finance Bill for consultation, before its final introduction towards the end of March 2016. These draft clauses are published prior to the introduction of the Finance Bill in order to provide taxpayers with certainty about future tax changes. It should also be noted […]

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Scottish Budget Review 2016/17

Under the Scotland 2012 Act, the Scottish Parliament has new limited financial powers from April 2016.

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Autumn Statement 2015 – What does it mean for you?

There was very little detail on tax changes announced in the Autumn Statement and spending review delivered by Chancellor George Osborne on 25 November 2015, but we will learn more about these on 9 December 2015 when the Finance Bill 2016 draft clauses are published. We should also learn, shortly, the outcome of the consultation […]

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Changes to Farmers’ Averaging Rules

At the March 2015 Budget, the Chancellor announced an extension to the period over which self-employed farmers could average their profits for income tax purposes from 2 years to 5 years and a consultation would take place this summer. This consultation has now closed. HMRC initial suggestions look complex and expensive to deal with; the […]

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Coronavirus/COVID-19: Latest Update 11 August 2020 – Summary of Finance and Business Measures

This article summarises the business support measures the UK and Scottish governments, along with other NGBs and organisations have introduced as a result of the COVID-19 outbreak. Last updated  11 August: Kick-starting Tourism  For each measure we have listed the date of the latest change. Simply click on any of the measures and you will […]


Global Market Investment Update – 2020 Quarter 2

Following a severe sell-off in the first quarter of the year, the second quarter proved to be very strong for equity and credit markets alike.  The markets were bolstered by the huge stimulus provided by global central banks and were further buoyed by the reopening of economies. Additionally, risk hedges, such as sovereign debt and […]