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.

VAT change for the digital business

The one-stop VAT service starts from 1 January 2015 for businesses supplying what are collectively known as ‘digital services’ in the EU. The effect of the measures is that a business will not have to account and pay VAT separately in each country where they do business which would otherwise be the case following a […]

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Planning for non UK residence

Individuals who are not resident in the UK for tax purposes do not pay tax on income arising outside the UK and currently do not pay UK capital gains tax (CGT) on the disposal of assets anywhere in the world. For those who can organise their residence position there are clear potential advantages, subject, of […]

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Are you calculating your employees’ holiday pay correctly?

A recent ruling by the European Court of Justice could lead to changes in how employers are required to calculate holiday pay. Currently holiday pay in the UK is calculated on the basis of a week’s pay. A week’s pay is usually held to mean basic salary only, excluding payments such as working allowances, expenses, […]

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Last Chance to Reduce Your Tax Liability

The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances. Indeed taking action prior to the end of the tax year in some cases will give even greater saving opportunities, but you need to act fast.

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The Pension Tsunami is heading our way.

Employers today are coming face to face with some of the most challenging legislation ever to be put in place in respect of pensions – Automatic Enrolment. Under this scheme all UK employers have to enrol their staff in a company pension scheme and make contributions towards it. If no action is taken, employers risk […]

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News

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 […]


Blog

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 […]