General Information About UK Tax

We would like to provide you with an overview of the UK tax system and some information about UK tax rates which might be useful for you.

 

Why April is a big month for your finances

Budget 2021: key points at a glance

IR35: April 2021 changes to off-payroll workers 

The UK Government published a number of tax-related consultations and calls for evidence on 23 March 2021 on a range of tax administration and tax policy areas

The government's 10-years tax administration strategy

Non-resident landlords move to corporation tax

 

Spring Statement 2019

Chancellor Philip Hammond on 13 March 2019 presented at the House of Commons new Spring Budget.

Autumn Statement 2018

On the 29th of October 2018 the Chancellor has presented Autumn Statement to Parliament, which will be the last before the UK leaves the European Union.

National Insurance Contributions 

National Insurance in the United Kingdom is a system of contributions paid by workers and employers towards the cost of certain state benefits.

New Residence rules for individuals

The article is based on the latest available information related to qualification of an individual as a UK resident for the purposes of 2013/2014 tax year declaration onwards and consequent effect on the UK income tax when working or living overseas.

Domicile

Even if you were to become UK resident you may still retain the domicile of your country of origin, your domicile is effectively where you belong and is very difficult to alter. 

Exchange of information and voluntary disclosure

We are now at the start of an era where unprecedented levels of information will be supplied to HMRC in respect of UK residents who have overseas interests.  This will have a major impact on UK tax resident non domiciled individuals.

Taxation of Domestic Workers 

Key information about status and taxation of domestic workers.

The UK Russia Double Taxation Treaty

Most countries enter into double taxation treaties.

VAT returns for the goods bought in the UK and other EU countries 

General information about rules and procedure on this matter.

Do I need a UK will?

The short the answer is YES, the long answer explained below is also YES.

What are the rules of intestacy

When a person dies without leaving a valid will, their property (the estate) must be shared out according to certain rules.

Non Doms in 2016

This article intends to have a look at the areas of UK taxation affecting non UK domiciled individuals. 

UK tax services we offer

We are pleased to be able to offer the following tax related services:

  • A General tax consultation and/or specific tax advice
  • Tax planning for your general situation or for a specific transaction
  • Registration for National Insurance and Unique Tax Reference numbers
  • Preparation and submission of annual self-assessment tax returns
  • Preparation and submission of tax return for overseas landlords
  • Formation of UK and offshore companies in respect to an acquisition of the commercial property and administrative and accounting services for corporate entities.

All tax related services are arranged on a fixed fee basis, agreed and charged in advance of any work being undertaken.

For all questions regarding your business in the UK and tax planning, please contact our Business Consultancy team at Law Firm Limited on +44 (0)20 7907 1460 or via email

 

 

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