Dec 23, 2024 | Bullet Point Update
This month Regulations were made so as to bring into force, with effect from 1 April 2025, those sections of the Moveable Transactions (Scotland) Act 2023 (“the 2023 Act”) so far as not already in force. What are “moveable” transactions? The term “moveable” in the...
Nov 14, 2024 | Bullet Point Update
It may well seem contradictory to have both the words “authorised” and “fraud” appearing in the same phrase as in the title above. But, on the one hand, fraud may occur when someone steals your bank card and uses it to make unauthorised payments and, on the other...
Oct 24, 2024 | Bullet Point Update
How does VAT work? VAT (value added tax) is a tax added to most products and services supplied by VAT-registered businesses. Businesses have to register for VAT if their taxable turnover is more than £90,000. A VAT-registered business must in particular:...
Sep 18, 2024 | Bullet Point Update
Background This month the Scottish Parliament Information Centre (known as SPICe) re-published its Briefing Paper on “Contact between grandparents and their grandchildren”. Generally speaking, its subject matter is a non-issue. Grandparents, parents and grandchildren...
Aug 5, 2024 | Bullet Point Update
Background – the current rules for the Furnished Holiday Lettings (“FHL”) tax regime Under the current tax rules the income from furnished holiday lettings may treated as “trading income” instead of income from a “property business”. If the income is treated as...
Apr 21, 2024 | Bullet Point Update
This is not a cheerful subject but is an important one. Towards the end of last month the Assisted Dying for Terminally Ill Adults (Scotland) Bill was introduced to the Scottish Parliament by Liam McArthur MSP: Assisted Dying for Terminally Ill Adults (Scotland) Bill...
