May 2025

News Posted
Q and A feature from JRW Hogg & Thorburn

June Q&A

27th May 2025
Should VAT be charged when renting rent out a desk? Q. A business allows one of its subcontractors to use a desk and chair in its office, they also have use of the communal kitchen and toilets. The subcontractor pays the business a fixed amount each week, irrespective of how much time is spent there....
Advice for subcontractors in construction

Advice for subcontractors in construction

27th May 2025
You have recently started out as a subcontractor in the construction industry. But were surprised to find that out you had tax deducted from your first payment. Is gross payment status is worth applying for? Tax partner Kenny Adamson, explains the position. Construction industry scheme The construction industry scheme (CIS) applies to most construction work....
Farmhouse renovation - what’s tax deductible?

Farmhouse renovation – what’s tax deductible?

26th May 2025
You recently bought a small farm and you plan to renovate the farmhouse, which you and your family will then occupy as your home. You have been told you can claim a tax deduction for 70% of the renovation costs. Is this correct? Partner Vivien Hogg explains. You plan to leave the city for a...
Free sample or gift?

Free sample or gift?

22nd May 2025
Giving away samples of your goods or offering free services is a way to attract new customers and to keep those you have. But the trouble with free samples, is that the associated VAT rules are tricky. When must you account for VAT on samples and when can you avoid it? Our VAT expert Kenny...
Are Woodlands a good investment?

Woodlands – a good business investment?

21st May 2025
You have sold your business and are looking to invest the proceeds. Someone has suggested buying woodlands as a good opportunity because they come with financial incentives. But what are they? Kenny Adamson, Tax Partner highlights the opportunities. Investing in land With economic uncertainty starting to affect stock markets, investing in land seems to be...