Autumn Budget 2024 - Private Client
The Chancellor Rachel Reeves delivered the first Labour Budget for 14 years on Wednesday 30 October 2024. The Chancellor spoke of...
All of our blog posts are shown below with the most recent shown first.
Tax Case Tests Dual Residency Tie-breaker Tests
We advise a lot of clients on their UK tax resident status and also, in cases where they are dual resident, we assist them in...
UK's Wealthy Taking Flight to Save Tax
It is being widely reported in the UK press that UK taxpayers are leaving the UK due to the tax changes coming into force from 6...
CIOT Response to Carried Interest Consultation
On 29 July His Majesty’s Treasury (HMT) made a request for stakeholders to provide evidence and comments on proposals to reform...
Spring Budget 2024
The Chancellor Jeremy Hunt delivered his Spring Budget on Wednesday 6 March 2024. His focus was on updating the tax regime for...
Autumn Statement 2023
The Chancellor Jeremy Hunt delivered his Autumn Statement on Wednesday 22 November 2023. His focus was on encouraging investment...
Non-Domiciled - What is a Non-Dom and what is the Remittance Basis?
There has been a huge amount of press around the fact that Rishi Sunak’s wife, Akshata Murthy, is a “non-dom” and able to access...
CGT Hike Looming?
The Sword of Damocles hanging over UK investors is the continued threat of hikes in capital gains tax (“CGT”) rates. The rates of...
HMRC issues damning impact statement on the new Health and Social Care taxes
Further to the government’s announcement on 7 September 2021 HMRC have now released their less than positive impact statement on...
Prime Minister announces dividend and NICs tax rate increase
Boris Johnson has today announced a 1.25% health and social care tax across the UK to help the NHS recover from the Covid...
Is Tax Evasion On The Rise?
A recent freedom of information request shows a slight drop in the number of reports of suspected tax evasion made by members of...
Footballers beware!
Football is currently providing rich pickings for HMRC as illustrated by a recent Freedom of Information request.
Chu-CHUNK!
Some of us remember the first time they scurried along to the dusty stamp office and hesitantly asked a gruff Inland Revenue...
Tax - in real time
The publication of the first consultation on the notification of uncertain tax treatments in advance of tax returns may have gone...
A global minimum tax is on its way
In a recent blog we asked the question - is a global minimum tax for very large multinationals just pie in the sky? The answer...
A Global Minimum Tax Rate: is this just pie in the sky?
In a recent blog we reported that Amazon had won its fight against an EU judgement forcing it to pay about €250m in back taxes to...
Why does Amazon’s gigantic tax case win matter to smaller firms?
Amazon has won its fight against an EU judgement forcing it to pay about €250m in back taxes to Luxembourg in a significant blow...
A UK wealth tax?
The fact that the possibility, however remote, of a Conservative government introducing a one-off wealth tax is being discussed...
Mini-Budget Introduces Immediate Measures to Boost the UK’s “Post-Covid 19 Economy”
The Chancellor has today introduced new financial measures in a mini-budget aimed squarely at creating job placements for the...
HMRC win case on in specie contributions to a SIPP
HMRC have won the latest stage on a long running case into the availability of tax relief for contributions made in specie to...
Coronavirus is a “reasonable excuse” for failing to meet tax obligations
HMRC has updated their guidance to include Coronavirus in the list what constitutes a “reasonable excuse” for failing to meet...
COVID-19 and Foreign Earned Income Exclusion
Many US taxpayers residing overseas make use of the Foreign Earned Income Exclusion (FEIE) when filing their US tax returns. To...
IRS relief non US citizens stranded in the United States
With the rapid spread of Covid-19 many countries including the United States responded by restricting travel and imposing...
IRS Economic impact payments
As a part of the US response to the ongoing Covid-19 pandemic, the Treasury Department and the Internal Revenue Service has...
Some practical tips for business leaders reacting to Covid-19
I think it is fair to say that we are in unprecedented times. Today’s business and economic environment has a very different feel...
UK Tax Residency and the Impact of Covid-19
The world is seeing unprecedented disruption as we try and cope with the outbreak of the latest coronavirus.
Budget update 2020-21
Today the UK government announced its Budget for 2020-21.
