One perhaps unforeseen consequence of the current Covid-19 is that non-UK residents may be unable to leave the UK and therefore exceed their days spent in the UK. We have been asked by a number of clients and their advisors to clarify the position for individuals who may be affected. Tax Residence You may be […]
We are facing unprecedented and challenging times and it is very important that we stay healthy and positive in mind as well as body and help our work colleagues to do the same. Of course it is also vital to be aware of the Government assistance available and the immediate action that businesses should be […]
First Published 31.03.2020 at 17:20. Wrongful trading Under UK insolvency law, a company may be wrongfully trading if: It continues to trade when its directors are aware that it is unable to pay its debts as they fall due; and The company ultimately falls into insolvent liquidation. This could result in personal liability for the […]
The government published initial guidance on 26 March 2020, and has updated its guidance a number of times since. The portal to claim the grant through, opened on 20 April 2020. This note has been updated since the opening of the portal. The Coronavirus Job Retention Scheme is a temporary scheme open to all UK […]
The government has announced a number of tax and financial measures to support businesses and individuals during the Coronavirus pandemic. Self-assessment tax payments scheduled for 31 July 2020 will be deferred until 31 January 2021. All self employed individuals are eligible and no applications are required. A VAT deferral will be in place for all […]
Updated 27.05.2020: 15:30. Not long ago, we were faced with political uncertainty with the UK’s departure from the EU. Currently, we are facing a different kind of uncertainty with the coronavirus which knows of no borders and has affected so many people across the globe. We are regularly updating our Coronavirus related articles which can all […]
In response to Covid-19, the Chancellor has set out a ‘temporary’ package of measures to support businesses during this uncertain period. The package includes: A Statutory Sick Pay (SSP) relief package for SMEs Small-and-medium-sized businesses and employers, with fewer than 250 employees, will be able to reclaim SSP paid for sickness absence due to Covid-19, […]
Background This article summarises some of the UK immigration options available to individuals to conduct business and/or work in the UK. For information on the Tier 1 (Investor), the former Tier 1 (Entrepreneur), Start-up, and Innovator visa categories please see: Information Note 580 Short-Term Business Trips It is possible to visit the UK and conduct business […]
Background Although the UK is no longer a member of the EU, a transition period is currently in place until at least 31 December 2020. During this period, most EU laws including EU free movement rules, continue to apply in the UK. It remains to be seen how negotiations between the UK and the EU […]
The new Chancellor delivered his first Budget on 11 March 2020 against a backdrop of uncertainty over Coronavirus and Brexit. Large scale spending was announced, to be funded by increased borrowing. We summarise below some of the key tax measures. Please see more Information here:
Post Brexit Implications The 31 of January 2020 has come and gone and we have now officially left the EU and find ourselves in a limbo called the “transition period”. Whether for or against Brexit we now need to look to the future and plan as best we can for what is to come. VAT […]
They say ‘nothing is certain but death and taxes’ and as the end of one tax year approaches the inevitability of the next one begins. To try an ensure that you make the most of the few opportunities that exist to maximise your reliefs, allowances or exemptions we have set out below some tips that […]
With effect from 6th April 2020, the payment and administration of capital gains tax (CGT) is changing. Where CGT is due on a residential property disposal a return will need to be filed, within 30 days of conveyancing. The notional CGT due will also be payable within 30 days. This applies to everyone, both UK and non-UK […]
Although the UK is no longer a member of the EU, the UK continues to be subject to most EU rules, including EU free movement rules, until the end of the current transition period (31 December 2020). Unless the transition period is extended, from 1 January 2021, new EU citizens coming to the UK (with the exception of Irish citizens) will be subject to the same new UK immigration rules which apply to non-EU citizens. This note looks at some of the key points set out in the Home Office’s policy paper on the proposed new points-based system.
A review of February’s employment law cases and other important news. This month, discrimination features heavily in our case reports, through disability, age and sex. We also look at the effect of illegality on the enforceability of contracts. In other news we bring you changes to national minimum wage, the new Equal Pay bill, an update board diversity, and ICO news.