With all the excitement around Making Tax Digital for VAT there is another change which is going to have a significant impact on many businesses who use cloud accounting solutions which has rather slipped into the background.
Further to our previous blogs in October 2017 and May 2018, we continue to work with clients who are making Seafarers Earnings Deduction (SED) claims to HMRC. Given that individuals who qualify for the Seafarers Earnings Deduction (SED) are able to reclaim up to 100% of the UK PAYE that they have paid throughout the year, HMRC continue to focus on this area.
As featured in the June/July 2019 issue of Insider Magazine, AAB is delighted to share details of our dedicated Tech team's knowledge, experience and recent experience.
There is a real vibrancy in the tech sector of Scotland. It never stands still and neither do the businesses within it. The rate of change and development is one which is like no other sector which makes it exciting for those operating within it, and also those who help support these businesses to grow and prosper.
When the Chancellor Phillip Hammond announced measures to combat fraud in the construction industry, many would have pictured a joiner or plumber in their white van taking cash for jobs in suburban housing estates across the country. However, the target of the new Construction Reverse Charge couldn’t be further from that.
Studies continue to identify Northern Norway and the Arctic as a growth area for the Norwegian oil and gas industry. Significant investment and development, including around key towns Hammerfest and Kirkenes, and the Arctic Barents Sea as a whole, should lead to future growth. This is most recently evidenced by the 2019 Norway licencing round, which offered 90 new blocks – 48 of which are in the Arctic Barents Sea, with the balance in the Norwegian Sea (37) and the North Sea (5). This licencing round differed from earlier years in that it specifically issued blocks in unexplored, frontier regions, leading to new developments.