Two changes are likely to most significantly impact our clients – for businesses, employers national insurance is increasing. However, for small employers with just two or three employees the impact is likely to be minimal. Larger employers will suffer significantly. For employees, non-dom status is being abolished and replaced by a much simpler regime. But […]
Find out moreSale of buy-to-let by an overseas person This note explains the UK capital gains tax (CGT) on the sale of a UK buy-to-let, holiday or second home, by a non UK resident. For example, it applies to an Italian who lives in Italy and wants to sell a UK rental property. It’s a surprisingly confusing […]
Find out moreOverview On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement (mini Budget). The main points to note are that cuts in National Insurance have been announced, for both employees and the self-employed, and the minimum wage is to increase to £11.44/hour. Both of these are clearly good news for workers. But there wasn’t really […]
Find out moreQuick summary and our view The Spring Statement 2023 (effectively a mini budget) might be good for the economy, but it doesn’t seem very good for companies, and is particularly harsh for small small companies. Why? Because: So, small companies are hit by both higher tax rates and a reduction in allowable expenses. We have […]
Find out moreThe Chancellor announced his new Growth Plan on Friday 23rd September 2022. Highlights: Basic rate Income Tax has been reduced to 19% from 20% and the 45% band will be abolished Corporation Tax will remain at 19% and will not increase to 25%, as was previously planned Both the employers’ and the employees’ National insurance […]
Find out moreMarginally beneficial to small companies and lower paid individuals The Spring Statement (effectively a mini budget) reduces the tax burden slightly on lower paid and smaller companies. The most relevant announcements to our clients are an increase in the tax-free allowance for National Insurance (beneficial to businesses and employees) and an increase in the Employment […]
Find out moreAumento delle tasse per le aziende nel Regno Unito Nei prossimi due anni ci saranno diversi cambiamenti dal punto di vista fiscale, che porteranno ad un significativo aumento delle tasse per le aziende del Regno Unito. Questi aumenti si possono limitare pianificando in anticipo e agendo in modo appropriato. In questa nota suggeriremo alcune idee […]
Find out moreVantaggi fiscali per i veicoli elettrici Sostituire il veicolo aziendale con un veicolo elettrico offre diversi vantaggi fiscali che possono ridurre i costi e allo stesso tempo aiutare a proteggere l’ambiente. Il governo britannico ha fissato l’obiettivo di vietare la produzione di veicoli a benzina, diesel e ibridi entro l’anno 2030. A partire dal 2024, […]
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