Featured UK

Understanding and Avoiding the Pitfalls of International Expansion

If your company is considering setting up operations in the U.S. or another country, the Prager Metis CFO Advisory Services team can help you avoid common pitfalls and maximize the benefits of international expansion.

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Understanding and Avoiding the Pitfalls of International Expansion2024-03-19T17:21:09-04:00

Metaverse & Taxation

The metaverse refers to an immersive virtual world where individuals can socialize, play, work, and trade in virtual (and non-virtual) goods and services. Many questions come to mind as we all begin to navigate this virtual space. Will global tax authorities be able to assert tax authority over transactions occurring in a virtual arena that lacks the type of provincial, state, and national boundaries that provide the framework for real-world tax administration?

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Metaverse & Taxation2023-05-04T09:10:03-04:00
Featured UK
Mar 04, 2021
|Prager Metis
|

Personal Tax

Featured UK
| Mar 04, 2021

The personal allowance is currently £12,500. Budget 2018 announced that the allowance would remain at the same level until 2020/21 and the statutory provision to increase the allowance annually by CPI was to be overridden.

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Personal Tax2023-05-08T11:20:26-04:00
Featured UK
Mar 04, 2021
|Prager Metis
|

Other Matters

Featured UK
| Mar 04, 2021

Land and buildings transaction taxes are devolved to Scotland (Land and Buildings Transaction Tax) and Wales (Land Transaction Tax). Stamp Duty Land Tax (SDLT) applies to transactions in England and Nort

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Other Matters2023-05-08T11:23:11-04:00
Featured UK
Mar 04, 2021
|Prager Metis
|

Budget 2021

Featured UK
| Mar 04, 2021

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget 'meets the moment with a three-part plan to protect the jobs and livelihoods of the British people'.

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Budget 20212023-05-08T11:20:17-04:00
Featured UK
Mar 04, 2021
|Prager Metis
|

Business

Featured UK
| Mar 04, 2021

In 2020, the government introduced a number of government-guaranteed coronavirus loan schemes. In December 2020 the Chancellor extended, until the end of March 2021, access to the Bounce Back Loan Scheme,

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Business2023-05-08T11:21:55-04:00
What UK Residents Need to Know When Selling US Property

The Indian Tax Rate Cuts

India has recently cut its corporate tax rates in a bid to revive its stagnant economy. The move has widely been seen as a positive and much needed one and sees the rates cut as follows: Companies that don’t seek exemptions will see their tax rate cut from 30% to 22% before surcharge and cess.

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The Indian Tax Rate Cuts2023-04-11T18:59:15-04:00
What UK Residents Need to Know When Selling US Property

Selling Across the Pond: What UK Residents Need to Know When Selling US Property

For UK citizens selling a property in the USA, completing the sale is only your first hurdle. Your next challenge is tax - both in the UK and the USA - neither set of rules being straightforward. Taking UK tax first, if you are resident and domiciled in the UK, you will have capital gains tax (CGT) to pay on any gain achieved on the sale of US property.

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Selling Across the Pond: What UK Residents Need to Know When Selling US Property2023-05-08T11:23:19-04:00
Featured UK
Mar 06, 2019
|Dandan Li, Assistant Tax Manager
|

Preparing for Changes at the UK Border After a No Deal EU Exit

Featured UK
|Dandan Li, Assistant Tax Manager
| Mar 06, 2019

Summarised below is our understanding of the changes and necessary steps which may be required to be undertaken for UK businesses trading within the EU in the event of a No Deal EU Exit. We have principally focused on the impact on Customs and Excise and VAT. Most of the contents are taken from the published documents by UK government and HMRC.

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Preparing for Changes at the UK Border After a No Deal EU Exit2023-05-08T11:22:22-04:00
What UK Residents Need to Know When Selling US Property

Indian Bank Interest, When is this Truly Tax Free?

A friend of mine who is of Indian origin, was recently discussing with me how he had found a way to earn an eye-watering 9% interest on cash deposits. He explained that deposits held in an Indian bank account typically earn interest of 7-9% and that he is earning a small fortune on his deposits. Not meaning to bring my friend down to earth, I felt it necessary to make him aware of a few issues.

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Indian Bank Interest, When is this Truly Tax Free?2023-05-08T11:22:31-04:00
Featured UK
Jun 12, 2014
|Prager Metis
|

Briefing Notes #1 Touring the USA

Entertainment and Music
| Jun 12, 2014

This is a general briefing guide to some of the problems that can be encountered when touring the USA, in particular, the US Centralised Withholding Agreement (CWA) arrangement for managers of UK acts who intend to tour the USA. It is a practical guide and not a definitive statement of practice or the law. The practice of the law in respect of visas, taxation and CWA’s is constantly changing depending on all number of circumstances.

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Briefing Notes #1 Touring the USA2023-05-08T11:18:31-04:00