Accounting and advisory firm Saffery Champness has appointed Shirley McIntosh as a partner in its Inverness office. Joining from RSM, where she was a partner and formerly head of tax for Scotland and Northern Ireland. She brings with her more than three decades of experience advising high-net-worth
Saffery Champness
Highland-based Caley Timber and Building Supplies has laid the foundations for further success and guaranteed the future of more than 20 jobs with a switch to employee ownership. Caley Timber and Building Supplies was established by Donald John Morrison in 2003, and with depots in Inverness and Uist
Operators of furnished holiday lettings businesses will have been affected by restrictions during the Covid-19 pandemic, but all is not necessarily lost, according to Jenny Healy. The pandemic has clearly impacted the UK’s tourism sector heavily, including many Furnished Holiday Let (FHL) busi
The UK Government has accepted five recommendations for reform of Capital Gains Tax (CGT) which were suggested by the Office for Tax Simplification (OTS).
VAT can only be claimed as input tax if the associated costs are incurred in respect of a business (economic) activity and rural businesses need to be aware that HM Revenue & Customs continues to challenge VAT recovery, warns Sean McGinness, partner and head of VAT, Saffery Champness. In Babylon
Farm businesses providing accommodation and catering forewarned of changes to VAT rates from October
Saffery Champness is advising farm businesses that provide accommodation services or catering to be alert to the changes coming on the reduced VAT rate from 1 October. In the 2021 Budget, the Chancellor advised that the temporary 5% reduced rate of VAT would be extended to September 2021 but that th
The announcement by the First Tier Tribunal (FTT) earlier this month in favour of the taxpayer in the Colin Newell vs HMRC case (TC/2018/03780) is “a welcome decision”, according to Saffery Champness. Sean McGinness, partner and head of VAT, Saffery Champness, and a member of the firm&rs
Coll Murchison-MacDonald, partner at Saffery Champness' Inverness office, and a member of its Landed Estates and Rural Business Group, discusses the recommendations for farming and land-based businesses in the latest Office of Tax Simplification (OTS) report on Capital Gains Tax (CGT). The late
Accountancy firm Saffery Champness has promoted Margi Campbell to partner in its Inverness office with effect from April 1. Ms Campbell provides advice and tax planning to a client base that includes entrepreneurs, high net worth individuals, professional partnerships, landed estates, and family and
Jenny Healy, director of accounts and audit, based in the Saffery Champness Edinburgh office and a member of the firm’s Landed Estates and Rural Business Group, discusses the growing pressure on the UK Government to introduce a new wealth tax. After a year of much needed support from the Chan
A new court judgment suggests that HMRC will succeed in rejecting claims for business property relief (BPR) on holiday let businesses, Edinburgh-based Saffrey Champness LLP has said. The case, Executors of the Late Sheriff Graham Loudon Cox vs HMRC, concerned the executors’ claim for BPR regar
Saffery Champness is advising its rural clients on the latest position regarding the various support schemes in place for those businesses and the self-employed adversely affected by the coronavirus outbreak, including impending closure of certain schemes. The second round of support under the Self-
HMRC has recently updated its Making Tax Digital (MTD) guidance to reflect that, from 1 April 2022, all businesses registered for VAT in the UK will need to comply with MTD and file their VAT returns through functionally compatible software that links to HMRC’s API platform, according to chart
The VAT team at Saffery Champness has produced responses to a series of FAQs that will help many businesses get it right when it comes to adjusting to the VAT changes announced by chancellor Rishi Sunak in his recent summer statement. In that statement, the chancellor announced a temporary reduction
Following the reopening of construction sites in Scotland, Sean McGinness believes the picture should start to become clearer for rural landowners who are in discussions with housebuilders and developers regarding potential new developments and land sales. Many individuals will have spent time durin