Featured UK

Featured UK | Mar 04, 2021

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 Tax2021-04-05T13:13:07-04:00
Featured UK | Mar 04, 2021

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 Matters2021-04-05T13:14:51-04:00
Featured UK | Mar 04, 2021

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 20212021-04-05T13:16:41-04:00
Featured UK | Mar 04, 2021

Employment

Featured UK
| Mar 04, 2021

The current JRS allows an employer to place an employee on furlough and apply for a grant to cover wage costs for the time an employee is on furlough. The employer:

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Employment2021-04-05T13:19:48-04:00
Featured UK | Mar 04, 2021

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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Business2021-04-05T13:23:34-04:00

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 Cuts2020-03-06T10:00:09-05:00

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 Property2020-01-03T12:33:08-05:00
Featured UK
|Dandan Li, Assistant Tax Manager
| Mar 06, 2019

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 Exit2020-01-03T12:23:56-05:00