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...

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...

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...

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...

Your accounting period is due to end soon and your fellow directors want to pay a bonus so the company can reduce its corporation tax bill. However, they don’t want to pay tax on it until the following year. Is this possible? Brona MacDougall advises on the timing and rules that you should be aware...

Can a director take a company vehicle out of the business to sell? Q. A company director bought a car through his business on finance, it has been a company vehicle for a few years. The finance is now paid off, and he would like to sell it, but as the business is VAT registered,...