UHY Ross Brooke Chartered Accountants
On 30 October 2024, Chancellor Rachel Reeves presented her first Budget to Parliament. This was a Budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of
Well, here we are, in the aftermath of what felt like the most eagerly anticipated budget ever (maybe). The sky hasn’t fallen in but there is certainly lots to consider. Back in March 2024 our ‘reform of the non-dom taxation’ blog summarised the changes to the non-dom rules which were
There were significant changes in the Budget on the 30th October 2024 that will have a major impact on Estate Planning in the future. This note is not intended to be all embracing but seeks to address the concerns of our typical clients. By Michael Brooke FCA TEP The major changes
Technology now enables us to work away from the usual office setting. That situation ramped up hugely during the COVID pandemic. We are now left in a position where remote working, or some form hybrid working, is very much the norm. In some situations, the employee may even be working
The previous government included plans to end non-domiciled tax status at the Spring Budget and replace it with a 4-year foreign income and gains (FIG) regime. The new government have now announced their intention to continue with these plans, while ending some advantages for existing non-domiciled individuals. What the change
As a business owner, you’ll likely be wondering how the upcoming general election on 4 July 2024 is likely to affect your business. A new government can mean significant legislative changes and tax upheavals that can impact your business operations and financial planning. The parties have issued their manifestos, so
If there is an international dimension to your personal or business or corporate financial affairs then you should be very aware that times are changing, and the aggressiveness of tax authorities, certainly across the UK and EU is on the up. Period. By David Jones – Tax Director The tax
In the recent Spring budget, the government announced plans to abolish the current tax treatment for UK resident non-domiciled individuals (non-doms). ‘Non-dom status’ enabled UK resident individuals whose permanent home is outside the UK to benefit from the ‘remittance basis’. This was a controversial tax treatment which allowed this group
With the Spring Budget just recently announced by Chancellor Jeremy Hunt, we have put together a summary to highlight the key points that may affect you and your business. On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a
Domicile is not residence and is a fairly specialist area. It is a uniquely British concept and broadly a person is born with their domicile of origin but that can be replaced by a domicile of choice. By Michael Brooke This can be quite a complex area but broken down