Blog24th Oct 2024What Are The Tax Implications Of Being Non UK ResidentIf you’re a Non UK Resident, understanding how your residency status impacts your tax obligations is crucial. Being a non-UK resident can have significant effects on your financial responsibilities, from Income Tax “IT” to Capital Gains Tax “CGT”. Navigating these…By Lynn Gracie and Carol EdwardsView more
Blog24th Oct 2024Do You Know How To Decipher Your Tax Code?The importance of knowing your tax code cannot be denied. Tax codes are a crucial yet often misunderstood aspect of the financial world, leaving many people puzzled by their true meaning. We have previously unravelled the secrets of tax codes,…By Paddy HartyView more
Blog1st Oct 2024Employee Share Scheme Options for Property BusinessesShare Incentives and Property Businesses In our experience assisting property and construction businesses, one recurrent and challenging question is how to retain top talent through equity incentives. While various tax-efficient share schemes exist, such as the Enterprise Management Incentive (EMI),…By Kate NaylorView more
Blog18th Sep 2024VAT on Private Schools: 4 Key ConsiderationsThe UK government has announced significant changes to the taxation of private school fees, set to take effect from 1 January 2025. This applies to all fees paid after 29 July 2024 when they relate to school terms after 1…By Gabrielle ScotfordView more
Blog17th Sep 2024Working in Denmark: What Are The Key Tax Implications?Will your employees soon commence working in Denmark? Before embarking on an international assignment to Denmark it’s essential to ensure careful planning and consideration, especially when it comes to your UK-resident employees. We explore the factors surrounding income tax implications for…By Carol SimView more
Blog7th Sep 2024R&D Tax Relief Claim Notifications- What Do You Need To Know?For accounting periods commencing on or after 1 April 2023, there is a new notification obligation to be considered by all companies seeking to claim R&D tax reliefs. The rules are intended to catch new R&D tax relief claimant companies.…By Ross ParslerView more
Blog4th Sep 2024Italy – One Of The Most Attractive Tax Destinations For The Wealthy Suddenly Got More ExpensiveLa dolce vita translates to ‘the sweet life’, and it’s far more than just a phrase in Italy, it really does represent an entire lifestyle associated with their culture and way of life. Italians have a particular appreciation of celebrating…By Lynn Gracie and Carol EdwardsView more
Blog20th Aug 2024Indian and Pakistani Domiciled Individuals – Are IHT Changes Coming?Is it time for Indian and Pakistani domiciled individuals to breathe a sigh of relief? The taxation of non-domiciled individuals has been a hot topic over the last few years, and has been at the forefront of many people’s minds…By Tom Andrew and Gunhild DamView more
Blog31st Jul 2024Everything We Know From Labour About The 2025/26 Non-Dom ChangesThis week we have received the first significant update from the new government on how the regime for non-UK domiciled and internationally mobile individuals may look under their stewardship. It’s helpful then, to revisit the initial proposed non-dom changes from…By Lynn GracieView more
Blog30th Jul 2024Voluntary and compulsory strike-off – a comparisonStriking off a limited company refers to the process of removing the company from the register at Companies House. Following the strike-off, the company ceases to exist. However, some measures can be taken to restore a company to the register…By Phil DunnView more
Blog29th Jul 2024HMRC Nudge Letter Campaign Targets Persons with Significant ControlAs part of the latest HM Revenue & Customs (‘HMRC’) nudge letter campaign, HMRC have once again cross-referenced Companies House records to Self-Assessment Tax Returns and are writing to anyone they believe to be a Person with Significant Control (‘PSCs’) asking them…By Michaela McCombieView more
Blog29th Jul 2024Inheritance Tax- (IHT) Will Labour Make Changes?Following Labour’s win at the 2024 General Election, there has been speculation that changes may be made to the current Inheritance Tax (IHT) regime in order to generate more tax revenue. Labour’s plans for Inheritance Tax have not been confirmed,…By Alex ThomsonView more