R&D tax relief: act now to protect your claim
R&D tax relief: act now to protect your claim HMRC has introduced a claim notification requirement for companies making an R&D tax relief claim for the first time. This requirement now affects most companies and could result in valuable relief being lost if action is not taken promptly. If your company is claiming R&D tax […]
Read moreAutumn Budget 2024 – Detailed Analysis
Autumn Budget 2024 – Detailed Analysis On 30 October 2024, Labour unveiled their first Budget in 14 years, and the first ever from a female Chancellor. Our Article covering the highlights can be found here. A more detailed analysis of the Budget Changes is set out below. Changes to Domicile Rules The concept of ‘Domicile’ […]
Read moreReform of the UK rules for non-domiciled individuals
Reform of the UK rules for non-domiciled individuals Introduction The Government has issued a policy paper to confirm the Labour party’s direction of travel regarding changes to be made to the taxation of non-UK domiciled individuals. A link to the latest update on this from the Government is attached below: https://www.gov.uk/government/publications/2024-non-uk-domiciled-individuals-policy-summary/changes-to-the-taxation-of-non-uk-domiciled-individuals Policy commitment The paper […]
Read moreImportant – Major Changes to Taxation of Non Doms in the Spring Budget with Removal of the Remittance Basis of Taxation – ACTION REQUIRED.
Important – Major Changes to Taxation of Non Doms in the Spring Budget with Removal of the Remittance Basis of Taxation – ACTION REQUIRED. From 6 April 2025, the remittance basis of taxation that is currently available to non-domiciled individuals will be replaced by a Foreign Income and Gains (FIG) regime that is described as […]
Read moreBudget 2023
Budget 2023 Jeremy Hunt described this budget as his ‘back to work budget’, he stated that the “Conservatives believe work is a virtue”, and so we might be forgiven for assuming this budget is aimed at introducing policies that will appease the dissatisfied public sector and NHS workers currently striking in a bid to encourage […]
Read moreThe Autumn Statement
Ominous headlines announcing the economic challenges facing the country are for once, largely free from hyperbole. The global increase in wholesale energy prices caused by several factors, including the war with Ukraine, along with the supply chain problems that are a legacy of Covid, have contributed to rising inflation and a downturn in living standards. […]
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R&D Relief for SMEs
The UK corporation tax relief for expenditure on Research and Development (R&D) is extremely generous, particularly for small and medium-sized enterprises (SMEs).
Top 10 Expat Tax Tips for Individuals Moving to the UK
The UK tax rules for non-domiciled individuals were thrown into confusion by the proposed reforms to apply from 6 April 2017 not being included in the Finance Act 2017, however, the Government has now confirmed that the Finance Bill due to be published in September 2017 will include the proposed reforms and that they will appl