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Our Summer E-Newsletter

7th August | Posted in: Business Tax, Charity, Professional Services, Property Investment, Regulations, VAT

Welcome to our latest E-Newsletter which we hope you enjoy reading. As well as keeping up to date with the latest news, our staff have continued to help raise money for our chosen Charity this year, ...

OSCR

What does OSCR do?

6th August | Posted in: Charity, Pensions, Savings & Investments, Professional Services

OSCR – the Office of the Scottish Charity Regulator – was set up almost 15 years ago.  The establishment of OSCR in late 2003, followed soon after by the introduction of the Charities and Trustee...

Taxation on trust

Trust Taxation

2nd August | Posted in: Government Announcements, PAYE & NI, Pensions, Savings & Investments, Personal Tax, Planning

We are still awaiting the promised consultation on the taxation of trusts announced in the Autumn 2017 Budget. However, in the meantime HMRC have updated their guidance on how different types of trust...

HMRC loans

Notify HMRC of EBT and similar loans by 30 September

2nd August | Posted in: Government Announcements, PAYE & NI, Pensions, Savings & Investments

HMRC have published revised guidance on settling tax liabilities in relation to the use of disguised remuneration schemes involving Employee Benefit Trusts (EBTs) and similar arrangements. In order to...

business visitors

Short-term Business visitors

1st August | Posted in: Business Tax, Government Announcements, PAYE & NI

HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a UK company, to ensure the UK is an attractive location for business headquarters....

building trade

New VAT rules for building trade in 2019

1st August | Posted in: Regulations, VAT

Under new rules due to come into force on 1 October 2019 builders, sub-contractors and other trades associated with the construction industry will have to start using a new method of accounting for VA...

great scottish swim

The longest mile!

30th July | Posted in: Charity, Community, Fundraising

Our annual charity fundraising drive for SMA Support, our chosen charity for Johnston Smillie for the second year, continues for two of our brave team with a mile long, open water swim in Loch Lomond ...

rental income

Not declaring your rental income? It’s time to come clean!...

23rd July | Posted in: Properties, Property Investment, Regulations

If you are a landlord and make a full disclosure to HMRC through Self-Assessment then relax, you’ve nothing to worry about.  However, if you are a landlord and have not been declaring your rental i...

holiday lets

Landlords! Should you switch to short-term holiday lets?

13th July | Posted in: Pensions, Savings & Investments, Properties, Property Investment, Regulations, VAT

Over the past few years the UK government have removed some of the generous tax breaks available to buy-to-let landlords who rented out their properties on long term tenancies. Higher rate mortgage in...

Making Tax Digital (MTD) – VAT Regulations – Are you Comp...

10th July | Posted in: Business Tax, VAT

The headline name of MTD is focusing people’s minds on personal tax and self-assessment. However, the first hurdle that businesses need to get over relates to VAT and comes in from 1 April 2019, in ...

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