Tax-UK

Tax-UK
Jun 27, 2024
|Prager Metis
|

HMRC Proposes Major Revamp of Customer Data Collection to Improve Tax Compliance and Labour Market Insights

Featured UK
| Jun 27, 2024

The UK's tax authority, HMRC, has unveiled a series of proposed changes aimed at improving the quality and scope of data collected from taxpayers. These modifications seek to streamline tax administration, bolster compliance, and provide better insights into the labour market for policymaking purposes.

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HMRC Proposes Major Revamp of Customer Data Collection to Improve Tax Compliance and Labour Market Insights2024-06-28T11:11:30-04:00
Tax-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
Tax-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
Tax-UK
Mar 04, 2021
|Prager Metis
|

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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Employment2023-05-08T11:21:41-04:00
Tax-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
Tax-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