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Latest news releases and FAQs

News and useful information on tax and business issues.

Scotland Covid Roadmap – Business Impact

The day after Boris Johnson outlined a roadmap out of Covid restrictions for England Scotland’s First Minister, Nicola Sturgeon, has laid out the beginnings of a roadmap to ease Covid-19 restrictions from April. Like Johnson, Sturgeon is focusing on data rather than dates, but is taking a more cautious approach than the PM. She is

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Pros And Cons Of Buying A Property Through A Limited Company

  We often get asked whether buying residential letting property through a Limited Company is a good idea. The answer to that is…. It depends! In order to give decent advice we would need to know the circumstances of the person doing the buying and their long term intentions. However what we can do here

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Deferred VAT Bills Now Coming Due

  The Government has just update it’s guidance on paying VAT bills that were deferred due to the pandemic between 20th March and 20th June 2020. Clients have three options: Pay by the 31st of March Opt into the new deferral scheme when it goes live and pay in up to 11 smaller payments Talk

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New VAT Rules For Construction Sector Start On 1st March 2021

New VAT rules are finally due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector. These new rules, the VAT Reverse Charge, have already been delayed twice as there was a lack of awareness of the changes in the industry. The new “reverse charge” system

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Property Income – Airbnb Landlords Beware

Reuters have reported that the Airbnb UK accounts for the year to 31 December 2019 include a statement that the company will share data with HMRC about the property income of hosts (those who let out property) on its UK platform in the years 2017/18 and 2018/19. See the original article here. The Airbnb data

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New R&D Tax Credit Partnership

We are pleased to announce a new partnership with one of the leading R&D tax credit Companies. There are no upfront costs for clients and the work is carried out for a fee in proportion to the tax rebate received. Click here for more details of our service: https://www.sutherlandblack.co.uk/r-and-d-service/ You would be surprised at what

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