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VAT on imported vehicles

VAT on imported vehicles

The Notification of Vehicle Arrivals (NOVA) is an online notification system for vehicles entering the country for permanent use on UK roads. You can use the service if you are: a VAT-registered business that does not use the secure registration scheme; not...
When do you pay tax at Scottish Income Tax rates?

When do you pay tax at Scottish Income Tax rates?

The Scottish rate of Income Tax (SRIT) is payable on the non-savings and non-dividend income of those defined as Scottish taxpayers. The definition of a Scottish taxpayer depends on whether the taxpayer has a 'close connection' with Scotland or elsewhere...
Less could be more

Less could be more

Is there mileage in the old adage that it is unwise to keep all your eggs in one basket? Most businesses build an expanding customer list; each customer a separate income stream for their business. Compare this with being employed; one employer, one income stream. The...
A $3B bond fight can go to trial.

A $3B bond fight can go to trial.

The Supreme Court granted Ukraine permission to go to trial to avoid repaying USD 3 billion in loans.  Facts: The Law Debenture Trust Corporation plc – the trustee acting on behalf of the Russian Federation- requested a summary judgement of its claim...
Tax-free savings interest

Tax-free savings interest

The Personal Savings Allowance (PSA) was launched in April 2016. For basic-rate taxpayers the first £1,000 of interest on savings income is tax-free. For higher-rate taxpayers the tax-free personal savings allowance is £500. Anyone earning over...