Have you submitted your December R&D claim?

Research and Development (“R&D”) tax relief is a government initiative to support businesses investing in innovative activities. There are two R&D tax relief schemes that companies can claim under – the SME scheme and the large company or RDEC scheme. Both are beneficial to companies in either reducing a tax liability or creating a payable tax credit.

Testing Times for Tenants - HMRC ask Tenants about their Landlord's UK Tax Status

No longer content with targeting landlords directly for any unpaid tax, HMRC have now decided to change tactics, and instead issue letters to individual tenants, quizzing them on the tax status of their landlords. The aim is to establish whether rental income has been correctly declared, and tax has been paid, in cases where they think the property is owned by an overseas landlord, company or trust.

MTD for VAT - The Next Step

Whether your business was one of the majority of VAT registered businesses required to file via HMRC’s new MTD platform with effect from 1 April 2019, or you were granted a deferral until 1 October, the first phase of Making Tax Digital (“MTD”) is now a reality for all businesses. This first phase, digital submission, was the easy bit... provided that you had functional compatible software or had access to a bridging solution, submission of the 9 box VAT return information to HMRC was straight forward. 

Working in Norway - are you aware of your Corporate Tax Obligations?

Due to the close business links and increased work opportunities, Norway continues to be an attractive work location for UK companies.  However, the Norwegian authorities have recently adopted a more aggressive stance on non-resident companies working in Norway, demanding that all such companies must submit Norwegian Corporation Tax Returns and pay the resulting Norwegian Corporate Tax if applicable. This stance is adopted whether a company is performing business activities in Norway or merely providing personnel to their Norwegian customers under a ‘Hire of Labour’ arrangement. 

Specialist Inheritance Tax & Succession Planning Team

The Private Client team at Anderson Anderson & Brown LLP is one of the largest in the North East of Scotland, with extensive experience in advising individuals and businesses on all aspects of their tax affairs. The team, headed up by Partner Derek Mitchell, provides a comprehensive tax service including specialist succession planning advice for individuals, business owners and their wider families.

Big Brother is watching... HMRC issue letters to Investors in Offshore Collective Funds

HMRC have ‘bulk mailed’ letters to wealthy offshore fund holders, which is understood to be connected to their receipt of information from overseas jurisdictions and financial institutions, following global data sharing of information.

Gender Pay Gap Reporting - Easing the fear!

With Gender Pay Gap Reporting, introduced in April 2017, now into the third year it’s still a topic that seems to strike fear into many companies.

Overview of the Scottish Deals Market in 2019

2019 has been an interesting time for deal-making with economic, political, and regulatory uncertainty showing no signs of relinquishing which have, unsurprisingly, seen some buyers think twice before acquiring. 

Deals+ O&G Deals Done in the UK Q3 2019

As featured in Energy Voice, Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share our quarterly Deals+ update for Q3 2019, highlighting selected Oil & Gas M&A and Fundraising transactions across the UK.

IR35 Off-Payroll Reform likely to go ahead as planned

The cancellation of the Autumn Budget on 6th November has been confirmed by the Chancellor given that we now have a general election set for 12th December. Does this mean a delay to the IR35 legislation? Probably not.

Act Now! Register to payroll your benefits...

You may already be among the vast number of employers who have already registered to payroll benefits, but if not, act now to register from 6 April 2020! 

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