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EVENTS

Export Week – What’s going on in the North East

UK Trade & Investment will be holding its 6th Export Week during the week of 10-14th November. Across the week there will be a varied series of events all over the UK, aimed at businesses to either start their export journey or increase their … [Read More...]

TURNAROUND AND INSOLVENCY

Is an IVA always the best option? – 10 points to consider

Lynn Marshall from our Turnaround & Insolvency team discusses some important points about IVAs: Determine whether an IVA is the best option An IVA (Individual Voluntary Arrangement) may not be the only available option; therefore a full discussion should take place BEFORE any decision is made. Don’t consider an IVA in isolation We frequently arrange to meet individuals to discuss options and are told that they will not consider anything other than an IVA. Any decision is yours, but all options should be considered based upon your unique situation. Avoid a blinkered view Different options work best dependent upon individual circumstances e.g. whether you own a house, if you’re a Company Director or employed, and your area of work. Be prepared to listen to all options with an open mind as the one best suited to you may be a surprise! Be honest when seeking advice Sometimes only half the story is provided at the initial meeting. The correct advice can only be provided if … [Read More...]

EVENTS

Export Week – What’s going on in the North East

UK Trade & Investment will be holding its 6th Export Week during the week of 10-14th November. Across the week there will be a varied series of events all over the UK, aimed at businesses to either start their export journey or increase their international business. Previous Export Weeks have seen over 17,000 companies in the UK attend exporting focused events. This week we will again have over 70 events across the UK; there will be at least one event per day in every part of the UK. Some of the week’s activities include seminars, trade workshops, targeted market days, intellectual property and marketing workshops. In addition, regions will be holding various events allowing you to access UKTI trade experts’ knowledge and experience, alongside that of regional partners. You can find all of the events in our region here, so get involved and reserve your place today! And if you’ve been inspired by Export Weeks past or present, arrange a face-to-face meeting with a UKTI … [Read More...]

Taxation & Payroll

Major changes to the taxation of buying property in Scotland

Increasing numbers of North East businesses are acquiring property in Scotland as part of their expansion into areas such as Aberdeen, Edinburgh and Glasgow. However, recent announced changes will impact upon property acquisitions completed after 1 April 2015. For some, the new Land and Buildings Transaction Tax may increase the tax payable on acquisition and for others the new regime may reduce taxes. North East based purchasers of property in Scotland should consider whether they will be affected and may wish to seek to accelerate or delay purchases accordingly. Angel Haig of our MHA affiliate firm Henderson Loggie has summarised below the major changes. The first of the devolved taxes, land and buildings transaction tax (LBTT) comes into force on April 1 2015, replacing stamp duty land tax (SDLT) in relation to transactions involving land in Scotland. LBTT is similar to SDLT in many ways, however, where SDLT is a slab tax (i.e. the whole price is taxed at a fixed rate) LBTT … [Read More...]

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