Garside & Co LLP sits alongside Prime Minister Theresa May in The Parliamentary ReviewChaired jointly by Lord Blunkett and Lord Pickles, The Parliamentary Review has become a staple in the political calendar. Bringing together views from across the political spectrum, The Review is a template for best practice across a multitude of sectors. Industry leaders […]
Read MoreUnder the Modern Slavery Act 2015, certain organisations are responsible for publishing their modern slavery statements each year by the end of September. Whether or not your client will need to do this is dependent on a number of factors, which are explained in detail below. The Act dictates that organisations with an annual turnover […]
Read MoreRe-basing opportunity for non resident CGT The change is currently proposed to apply to gains accrued on or after April 2019. The intention is to align the UK with other countries and remove an advantage which non-residents have over UK residents by bringing all gains on non-resident disposals of UK property within the scope of […]
Read MoreThe first key change was the definition of a personal company for Entrepreneurs’ Relief. Previously, a personal company was defined as one in which the shareholder: is an office holder, director or employee of the company or group company; and holds at least 5% of the ordinary share capital and of the voting rights of […]
Read MoreAnnual Residential Property Tax ATED is a tax payable on high value dwellings. It started on 1 April 2013 and is payable each year. You’ll need to complete an ATED Tax Return for your property if all of the following apply: it’s a dwelling it’s situated in the UK it was valued at more than […]
Read MoreThe UK and the Isle of Man governments have established an automatic information exchange procedure as well as a disclosure facility for UK taxpayers. This is similar to the UK-US agreement which implements the Foreign Account Tax Compliance Act (FATCA). Under the agreement, a wide range of financial information on UK taxpayers with accounts in […]
Read MoreThe US issued regulations finalising implementation terms of the Foreign Account Tax Compliance Act, (‘FATCA’). The legislation is intended to help the IRS fight tax evasion by US persons and is designed to encourage a vast range of non-US financial institutions, including banks and trustees, to implement new client identification requirements. Where US persons are […]
Read MoreCorporation tax – main rate to be 21% from April 2014, rather than the planned 22% rate. Pensions tax relief – reduction of the annual tax free allowance from £50,000 to £40,000 per year. Lifetime allowance to reduce from £1.5 million to £1.25 million. Both with effect from 2014-15. Personal income tax – 1% increase […]
Read MoreSwiss banks have started writing to their UK account-holders, as required under the UK-Swiss Tax Agreement, which is due to come into force on 1 January 2013. Account-holders are required to notify the bank how they wish to be treated under the Agreement in relation to the historic position, and also future obligations. The default […]
Read MoreFrom 1 December 2012 businesses with no business establishment in the UK, but which make taxable supplies to the UK, will need to register for VAT in the UK, regardless of their level of turnover. Prior to this date, businesses had been able to take advantage of a £77,000 per annum threshold. After 1 December […]
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