Planning to move overseas is exciting but planning it can become stressful. In order to keep the excitement alive and make your move as smooth as possible, it is best to prepare well ahead of time. This is particularly important when it comes to your finances and taxes. To make the most of your finances, […]
As we pass one month of a new Government, and wait in anticipation for the autumn Budget, speculation continues to mount about how Labour will raise the funds needed to meet its election pledges. With promises not to touch income tax, VAT or National Insurance, the latest rumours swirling around Westminster are in relation to […]
Over the past couple of posts, we have been trying to respond to questions and concerns that our clients have expressed about possible tax changes coming under the new Government. Needing to raise an estimated £50bn to fund their spending promises, we know that money needs to be found somewhere and as accountants, we are […]
Nearly a month after our new Government took power, there continues to be an increasing number of questions and concerns about how they are going to finance their spending promises. Many of you are beginning to ask us what the potential implications for your taxes could be under this new administration. Understanding your concerns, we […]
So, the polling stations have gone back to their day jobs, TV schedules have returned to some kind of normality, and our Labour Government is finding its feet in Westminster. Even though it is still early days in this new political era, we wanted to share some of our initial thoughts about what the next […]
As experts in UK taxation, here are four things we will be looking out for after tomorrow: As the election approaches, we are as curious as anyone to know what is going to happen. With our accountancy hats on and our clients in mind, we can’t help but be particularly curious to hear how the […]
Overseas Workday Relief (OWR) can be a valuable tax relief available to UK tax residents who spend part of their working time abroad, allowing individuals to exclude income earned from duties performed overseas from their UK tax liability, provided certain conditions are met. OWR can significantly reduce your UK tax burden, making it worthy of […]
If you're thinking about moving away from the UK, you should consider various implications for your UK taxes. Ideally, these considerations should be addressed before your departure. Here are key points to keep in mind: UK Tax Residence Status Firstly, you'll need to determine your future UK tax residence status. This involves answering a few […]
There is a common misconception amongst expats and those with financial interests in and overseas that because two countries have a 'double tax treaty' agreement in place, they will just automatically be paying the right tax to the right place. In an ideal world, this would be true however, it doesn't always work like that […]
If you are relocating to the UK there will be tax implications for you to consider, especially if you continue to have income and gains coming into the UK from overseas. Should you be taxed using the remittance basis or the arising basis? What about investments, Capital Gains Tax, or tax reliefs? There are some […]
