Although it is relatively easy to setup a company in Dubai, it is very difficult not to pay UK taxes. The problem is when an individual is looking to setup a business in Dubai to reap the generous tax benefits the individual or the business cannot be connected to the...
We have helped a number of businesses and individuals with the purchase of aircraft determining the best way to make the purchase in order to recover the VAT and to manage personal and corporate taxes. It’s fair to say HMRC can be skeptical about the position, but...
The middle east has become a desirable place to set up business. It has a world class infrastructure as well as a welcoming tax environment and efficient processes and procedures. The United Arab Emirates is a young country, established on 2 December 1971, combining...
THE LOST TAX RELIEF FOR PARTNERS’ EXPENSES As a partner you could be missing out on claiming relief for your personal homeworking expenses, with COVID-19 throwing a spanner in the works, and with an increase in working from home you may be incurring more expenses that...
Has HM Revenue and Customs (“HMRC”) issued any guidance? On 19th December 2018, HMRC released guidance on the taxation of crypto assets for individuals. It is believed to be one of the most comprehensive sets of guidance currently issued by any government. It can...
Inheritance tax planning - new horizons for IHT This article considers two recent developments which potentially affect the inheritance tax (IHT) planning of many individuals. The first is the introduction of the ‘residence nil rate band’ in April 2017 which may...
Operating a business tax efficiently is a key concern to all businesses. What is the best vehicle for tax purposes? The choice of a suitable business medium, for example, sole trader, partnership or limited company may have a substantial impact on the level of...
Planning for capital expenditure in the next few months For many businesses the prospect of obtaining a 100% tax deduction for the cost of plant and machinery purchased by the business is attractive. Announcement from the Summer 2015 Budget The Chancellor announced...
Rising company car benefits If you are an employee or a director you typically will have received a notice of coding for the 2015/16 tax year about three months ago. If you haven’t done so already it is well worthwhile comparing this to the notice of coding for...
Although it is relatively easy to setup a company in Dubai, it is very difficult not to pay UK taxes. The problem is when an individual is looking to setup a business in Dubai to reap the generous tax benefits the individual or the business cannot be connected to the...
We have helped a number of businesses and individuals with the purchase of aircraft determining the best way to make the purchase in order to recover the VAT and to manage personal and corporate taxes. It’s fair to say HMRC can be skeptical about the position, but...
The middle east has become a desirable place to set up business. It has a world class infrastructure as well as a welcoming tax environment and efficient processes and procedures. The United Arab Emirates is a young country, established on 2 December 1971, combining...