Straight from the horse’s mouth

Are electric cars worth the salary sacrifice?

20th May 2022
With climate change and the cost-of-living crisis high on everyone’s agenda, is this a good time to look at an electric company car policy? What benefits would such a scheme bring? Brona MacDougall advises. Company cars have fallen out of favour in recent years as tax charges have risen and the optional remuneration arrangement changes...

Higher fuel rates for company cars?

10th May 2022
HMRC recently updated its advisory fuel rates for company cars. However, the new rates don’t even come close to reflecting the current pump prices. Can you pay employees a more realistic rate? Naomi Swan advises. If you provide employees with company cars, you are entitled to pay them a fuel rate to reimburse them for...

Keep it in the family?

5th May 2022
Within a family-run business it is naturally very common to employ family members. Whilst this does allow for more tax-deductible money to stay within the family, there are issues and potential minefields that you should be aware of. Helen Johnstone advises. When it comes to employing family members and putting their wages through the books...

Dilapidated property – repair or improvement?

5th May 2022
If you are carrying out repairs to a dilapidated property, this may be treated as capital expenditure rather than revenue expenditure. Brona MacDougall explains the position regarding tax relief. Buying a property and doing it up for letting out can make good financial sense, however, repairs and renovations are expensive, so it is important to...

Introducing HMRC’s new VAT penalties

26th April 2022
The first step towards alignment of VAT and direct tax penalties was due to take place in just two months but the government recently announced a delay. What’s the full story? Audrey Rankine takes a closer look. HMRC’s original timetable for the harmonisation of its late filing penalty and late payment interest regimes across most...
Termination fees and compensation payments

New rules on termination fees and compensation payments

13th April 2022
Your business has mobile phone contracts and hires vehicles for employee business trips. How do you check that you are not being overcharged VAT following HMRC’s change of rules on termination fees and compensation payments? VAT expert John Craig takes a closer look. New legislation for early termination fees and compensation payments took effect on...

The Spring Budget and its Relevance to Scotland

29th March 2022
Rishi Sunak’s Spring Statement last week provided some good news for taxpayers but hasn’t been as well received as his previous giveaways. The highlights are: • 5p per litre cut in fuel duty • An increase in the NIC primary threshold and lower earnings limit from £9,570 to £12,570 • Class II NI liabilities reduced...

Qualified Chartered Accountant

15th March 2022
Due to continued expansion, we are looking for a full time qualified Chartered Accountant to join our friendly and supportive team. Ideally you will have been qualified for at least 2 years plus and have experience of completing statutory accounts. JRW are a growing firm with six offices across Scotland. This position is based in...
New policy on termination payments

New policy on termination payments

7th March 2022
HMRC is changing its policy on termination payments. As a result, some businesses will be entitled to a VAT refund while others will owe more. What’s the full story? VAT expert John Craig takes a closer look. In September 2020, HMRC changed its policy on one-off payments made in connection with a contract, e.g. early...
Tax codes explained

Tax codes explained

4th March 2022
Lots of employees don’t understand how their tax code is made up and they are likely to come to you when they have a question or a problem. What do you need to know to help them? Head of Payroll Joanne Gibson advises. When do codes change? There are several fixed occasions annually when tax...