Chartered Tax Advisers & Accountants

News


Update on Autumn Statement 2015

Published On: 22/12/2015

Our initial view on the Autumn Statement was that it was a damp squib.  Certainly there were one or two woolly and generic sentences that indicated further announcements with planned changes might follow, but is fair to say that we did not expect the explosion of consultation documents on new tax legislation that HMRC hit the profession with just before Christmas.  Not only did it cover announcements made earlier in the year including changes to the wear and tear allowances for furnished rental properties, rules on sporting testimonials, accelerated capital gains tax payments to name but a few but there was also a plethora of far more controversial announcements.

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Christmas Closure Arrangements

Published On: 21/12/2015

Please note that our offices will close at 5.30pm on Christmas Eve, for the festive period, and will re-open at 9.00 am on Tuesday 5 January 2016.

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John Swinney – Coward or clever politician?

Published On: 17/12/2015

On 16 December 2015, the Cabinet Secretary for Finance had a historic opportunity for Scotland to set a different tax rate to the rest of the UK that could come into effect from April next year.  From that date Scotland will have full control over the income tax that is raised in Scotland.

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Introduction of Scottish Income Tax May Be Delayed

Published On: 01/12/2015

The Scotsman have recently published the following article http://www.scotsman.com/news/politics/top-stories/transfer-of-scottish-income-tax-may-be-delayed-1-3879899 which highlights some of the concerns we expressed to HMRC as part of their consultation process on the switch to the Scottish income tax system, and emphasises that this process is too complex and time should be taken to get it right before introduction.

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