How Outsourcing Can Help Insourcing

Starting up or growing a business can be a challenging task. As a business owner you wear many hats, operations, HR, admin, accountant, handyman, and the list goes on.

Are You Feeling a Little ‘Out of Kilter’ with our Scottish ‘Tartan’ Tax ?

The 2018/19 Scottish budget was passed by Holyrood on 21 February, but what does this really mean for Scottish Tax Residents?

Firms Working Internationally Facing Global Tax Headaches

With increased globalisation, and information sharing agreements in place between countries, firms working internationally are facing global tax headaches as Governments aggressively attack companies using tax audits and assessments.  Overseas authorities are focusing on direct taxes, such as personal taxes of globally mobile employees or corporation taxes on intercompany transactions.  Attention is also paid to indirect taxes, ensuring companies have correct processes dealing with customs duties, VAT invoices, payments and returns.

Building a Solid Foundation for UK and Norwegian Businesses

Following a period of consolidation and cost efficiency programmes, oil and gas related companies are beginning to see an improvement in performance and trade. This has been aided by the increase in the oil price which has doubled in two years. Companies have been exploring international opportunities as well as building on the foundations in the North Sea.

Norwegian Tax Assessment Notice - TAN

As soon as the Norwegian tax authorities have assessed the Norwegian tax returns, they will issue a Norwegian Tax Assessment Notice (TAN) between June and October, following the year of duties in Norway. 

EU VAT Refund Claims - Action needed

Businesses operating or incurring costs within other EU member states will pay VAT on at least some of their costs.  VAT rates across the EU range from 15% to 27% so even relatively small costs can result in a significant amount of VAT accruing on an annual basis.

Social Security – The 52 Week Trap

Recently, AAB were approached by an oil and energy company, with globally mobile employees, who wished to transfer their payroll from their current provider. As part of the implementation process a thorough review of the clients payroll process was undertaken.

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