UK Private Clients

All of our blog posts are displayed below with the most recent first.

The Return of the Donald

It’s official, Donald Trump will return to office on 20 January when he will, again, be inaugurated as US President.

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...

R&D Autumn Statement Impact

We have been made aware by the Chartered Institute of Taxation that, the UK tax authorities, HM Revenue and Customs (“HMRC”)...

Dealmakers Awards 2023

Yorkshire Dealmaker Awards 2023It was truly a privilege to once again be invited to attend the Yorkshire Dealmaker Awards last...

Autumn Statement 2023

The Chancellor Jeremy Hunt delivered his Autumn Statement on Wednesday 22 November 2023. His focus was on encouraging investment...

Autumn Statement - Summary

Earlier today the current Chancellor announced the latest Autumn Statement. Unlike the “fiscal event” announced 55 days ago by...

HMRC Target Offshore Companies

We have been made aware by the Chartered Institute of Taxation that, the UK tax authorities, HM Revenue and Customs (“HMRC”)...

Mini-budget key points

Today Kwasi Kwarteng presented his first budget and with a clear strategy, reduce taxes to stimulate growth! Some headline...

Quid Game - Budget

The 2021 Autumn Budget was delivered today by The Host, the Chancellor of the Exchequer Rishi Sunak.

When is a house not a home?

Whether a property is residential or commercial for the purposes of Capital Gains Tax (CGT) has an impact on both the timing of...

A muted Budget?

The Chancellor’s forthcoming budget is only a few weeks away (27 October) and as usual there is plenty of speculation regarding...

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...

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...

Budget 2021

The Budget will be held on Wednesday March 3, 2021.

UK Budget Date Announced

For those who might have missed it, the Chancellor, Rishi Sunak has announced that the date for the next UK Budget will be 3...

Autumn Budget Cancelled

It was announced yesterday evening (23 September 2020) that the Chancellor, Rishi Sunak has cancelled plans for a Budget this...

Jamie Favell - Podcast

Jamie Favell, our Private Client Tax Partner talks to Mark Zoril on a Plan Vision podcast discussing the tax issues facing UK...

Sick as a Parrott

Former Rangers players and staff paid through an offshore trust have been told they have weeks to approach HMRC over a...

Playing a Let

Rent-a-room is a tax relief available individuals who let out a room/s in their home whilst occupying the property at the same...

Visa Go Go!

It has been reported in the papers that there has been a sharp rise in applications for the UK’s £2M Tier 1 (Investor) Visa.

No more offshore

We anticipate that the Finance (No.2) Bill will be passed through to Parliament early this Autumn. Much of the Bill is concerned...

Welcome relief?

We have seen various Press articles of late highlighting the plight of those drawing on their pensions, and suffering...

White House Reveals Tax Plans

Yesterday President Trump revealed plans to significantly cut the tax rates for both individuals and businesses. There are few...

Oil & Gas Workers

We have many client’s who leave the UK to work in the Oil and Gas Industry.

The MBA Graduate

Our client, a non-domciled expat, had recently started a new role with a UK employer following completion of his MBA at a...

It was good to know EU

So as we all now know, in a historic referendum the UK has voted with its feet and decided to leave the EU.

Autumn Statement 2015

The Chancellor of the Exchequer, George Osborne, delivered his first Autumn statement as the Chancellor of a Conservative...

Let property campaign

HMRC continue to invest in measures to prevent tax avoidance and evasion and are running campaigns to encourage individuals to...

The French Musician

Our client, a successful French recording artist, is a US resident taxpayer. In 2022 she performed on a short tour of the UK...

The Overseas Investor

Our client, a non-UK domiciled individual, has lived in the UK for a number of years. Initially, his “non-dom” status allowed...

The Private Practice Surgeon

A number of our clients work in the medical profession, and self-employed consultants in particular, will invariably require...

The Investor Visa

We often advise individuals who are moving to the UK on how to structure their financial and business affairs in a tax efficient...

Employment Taxes

Year End Compliance and Planning Opportunities – 2014/15 Listed below are some of the key compliance areas and opportunities...

Deoffshorisation

Changes in Russian Tax Law to Force Migration to UK The Russian government has passed new tax legislation that will force...

Nowhere to Hide

UK and 51 jurisdictions to share financial account details of resident taxpayers The UK has signed up to a new automatic...

Renewals Basis Runs Out

It may have escaped landlords' attention that, as from 6 April 2013, HM Revenue & Customs have withdrawn the ‘renewals basis’,...

Negative Earnings

It is not unusual for an employee to receive a valuable signing on bonus, often referred to as a ‘golden handshake’ in exchange...

International tax developments

Embracing the global economy In an increasingly global marketplace, governments around the world are focussing on where profits...

Property Taskforce

A new property taskforce has been launched by HMRC to tackle “taxpayers” who are not declaring property income in North West...

I didn’t EXPAT that...

If you are a British Expat or a non-resident UK tax payer you will have no doubt seen the news headlines in recent months:

LDF Update

Liechtenstein and the UK have signed a fourth joint statement updating the Liechtenstein Disclosure Facility (LDF). Our previous...

On Borrowed Time

HMRC have withdrawn an important concession regarding the use of loans in the UK which are backed by non-UK assets.

Off-target

HMRC’s Let property campaign, overseas bank accounts and low effective tax rates HMRC are stepping up their campaign trail to...

Know your options

HMRC are set to make a small but important change to the taxation of share options awarded to internationally mobile employees...

Accelerated payment of tax

Whilst these changes were announced in the Autumn Statement and subsequent consultation document, it was hoped the proposals...

Employers: no time to rest

As employers face their first year of filing under RTI we look at what needs to be done and highlight some of the other actions...

TAP Tax Policy

The 2014 Budget is now less than a week away, and with increasing messages of improvement in the British economy and the General...

Budget Day is coming...

It has been announced by the Treasury that, following The Chancellor’s Budget Statement on Wednesday 19 March, the 2014 Finance...

Net investment income tax

The net investment income tax is a new tax charged at a flat rate of 3.8% which will apply for the first time on Federal income...

Non-doms not deterred

As recently reported in the FT, the levy on non-domiciled individuals raised £178m for the UK exchequer for the 2011-12 tax...

Autumn Blues

Today saw the Chancellors Autumn Statement, which now seems to fall traditionally in early December!

Net investment income tax

The net investment income tax, which applies for the first time from Jan 1 2013, imposes a rate of 3.8 percent to certain net...

Finance Act round-up

The Finance Act passed into law as expected on 17 July 2013, and is perhaps best summed up as an anti-avoidance bill. There are...

Home is Where the Charge is

The Annual Tax on Enveloped Dwellings or “ATED” regime is now upon us, and could end up being a first step towards a so-called...

Non-doms in the spotlight

As recently reported in the FT*, those claiming non-domicile status in the UK may well receive a letter from HMRC gently...

A Gift Horse...

HMRC have again intimated that they are comfortable with the concept of so-called "Discounted Gift Trusts" which can be used as...

Is there Devil in the Detail?

Further to our previous article we now have the full draft legislation which will apply the new Annual Residential Property Tax...

Much Ado About Nothing

This year’s Autumn Statement turned out to be particularly non-eventful from a tax perspective.

HMRC turn up the heat

HMRC are busy reminding taxpayers with Swiss accounts that they only have until 1 January to make a full disclosure of their...

Tap in the Press!

Heather considers how the abolition of Extra Statutory Concession C16 (which allowed certain business owners to wind up their...

Going global

The majority of businesses now have an international context to their operations. This may comprise simply of having suppliers...

U-Turn on French Wealth Tax

As was widely expected, the change in government in France has led to various changes to the French tax system, not least to the...

TAP in the Press!

Heather Miller has been published again in Taxation magazine – Click here to read her double feature on buying and selling a...

TAP in the Press!

Heather Miller, our new tax consultant, has been published this week in Taxation magazine – click here to read her article on...

2010/11 TAP TAX SURGERIES!

Changes to HMRC’s penalty regime mean that taxpayers who submit their 2010/11 Tax Return late, face far heftier fines than ever...

Swiss tax agreement announced

Swiss tax agreement announced The long-awaited agreement with Switzerland over bank accounts held by UK taxpayers has now been...

Business Structuring

TAP INTO TAX Iss. 3 The purpose of this series of blogs is to highlight innovative tax planning ideas, which you can ‘TAP’ into;...

Meat on the bones

Treasury reports on Non-Dom consultation Further to the Chancellor’s comments in his March Budget, the Treasury has released its...

Crystal clear?

Treasury releases details of new Statutory Residence Test We now have a first look at the long-awaited statutory test for...

University Fees Planning

TAP INTO TAX Iss. 1 The purpose of this series of blogs is to highlight innovative tax planning ideas, which you can ‘TAP’ into;...

HMRC 'Tax Dodge Task Force'

HMRC has announced the launch of new task forces to tackle ‘tax dodgers’ (their words not ours!). This announcement comes a...

French Tax Reforms

Trouble ahead for non-residents owning property in France? The Sarkozy government in France has announced various tax reforms...