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Brexit may be in limbo, but Making Tax Digital is not
December 17th, 2018

As we have highlighted in many posts to this blog, from 1 April 2019, ALL VAT registered businesses with turnover above the £85,000 VAT registration threshold will have to submit their VAT returns from within software that can link with HMRC’s networks. In techno- speak, your data will need to be transferred using a designated […]

Scottish Budget 12th December 2018
December 12th, 2018

DEREK MACKAY PRESENTS HIS “BUDGET FOR GROWTH” 12th December 2018 Against the backdrop of Brexit and a vote of no confidence in Westminster, Derek Mackay wisely chose to present a fairly low key Budget today. We will not comment on the political and spending aspects of his speech (a solid speech) but it was interesting […]

A possible, unwelcome increase in service charges
December 11th, 2018

From 1 November 2018, owners of properties on estates or sites that are obliged to pay service charges to a management company – for example, for the maintenance of common areas, gardens, or the employment of a site warden or caretaker – may be in for an unwelcome surprise. It would seem that HMRC have […]

What is an OpRA?
December 6th, 2018

OpRA is the acronym for an optional remuneration arrangement. Before April 2018, these were termed “salary sacrifice” arrangements. Essentially, both are benefits in kind (BiK) offered to employees in place of salary increases. Recent changes ensure that that where such benefits are offered recipients many are taxed as if the cash value of the benefits […]

Would you set off for uncharted territory without a plan?
December 4th, 2018

Truthfully, no one knows what trading conditions will be like once we exit the EU. Will supply chains seize up or will it be business as usual? If there is a possibility, however remote, that the commercial landscape will change, doesn’t it make sense to undertake an assessment of any downside risks and plan accordingly? […]

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