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.

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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Tartan Tax is around the corner

The Scotland Act 2012 introduced the Scottish Rate of Income Tax (SRIT). This gives the Scottish Parliament power to set Income Tax rates for Scottish taxpayers. It is due to come into effect from April 2016. It will impact employers and employees throughout the UK, not just in Scotland. Who does it apply to? All […]

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Coronavirus/COVID-19: Latest Update – 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 28 October: Coronavirus Business Contingency Fund (Scotland only) is announced offering support for softplay centres and nightclubs   For each measure we have listed the date of […]


Tax and Crypto Assets

2009 saw the launch of Bitcoin. Originally seen as being just for geeks and possibly hackers, crypto assets are becoming more common and even considered mainstream by many. HMRC has noted this increased interest in crypto assets. If you invest or trade in crypto assets and you pay taxes in the UK, you need to […]