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UK - AUTUMN STATEMENT SUMMARY -
Dec 2014
This Summary document is designed to give a considered view of those issues which we think are of particular relevance to our private clients and contacts, rather than providing exhaustive factual coverage of every feature of the Autumn Statement.

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UK - USE OF DUAL CONTRACTS BY FOREIGN DOMICILIARIES -
Sep 2014
UK resident foreign domiciliaries (“RFD’s”) are entitled, subject to payment of the Remittance Basis charge where applicable, to claim the Remittance Basis, whereby most categories of foreign income and gains are subject to UK tax only to the extent that these are remitted (or deemed remitted) to the UK.

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UK - STATUTORY DEFINITION OF TAX RESIDENCE - OVERVIEW UPDATE -
Sep 2014
Now updated, this overview summarises the key features of the Statutory Residence Test ("SRT"). For those who require a more in depth guide to the SRT, an updated Full Briefing will follow.

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UK - COLLATERAL AND RELEVANT DEBTS -
Sep 2014
On 4 August 2014 HMRC announced that it had revised its position with respect to UK resident foreign domiciliaries using money or other property derived from unremitted remittance basis income and gains as collateral for loans taken out to finance the acquisition of UK assets or other UK expenditure purposes.

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UK - BUSINESS TAX ALERT -
Jun 2014
It has previously been common practice for UK resident but non-UK domiciled individuals with employment activities both in the UK and overseas to use dual employment contracts.

New rules which apply from 6 April 2014 significantly restrict the circumstances in which dual contracts will be effective for tax purposes. However, for certain individuals newly arrived in the UK, Overseas Workday Relief continues to exempt from UK income tax remuneration received from employment duties carrying out overseas.

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UK - BUSINESS TAX ALERT -
Apr 2014
New rules have been announced that are expected to raise £3billion of extra tax from partnerships, including LLPs, over the next five years.

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