23-11-17 – Autumn Statement 2017

Autumn Statement 2017. Main points Yesterday the Chancellor unveiled his budget, the first since the election and the penultimate one prior to Brexit, while Brexit was obviously in his thoughts and in one announcement the thin majority of the Conservative party led to the budget being fairly bland with no big surprises and no controversial measures in the headlines. From a UK income tax perspective, the allowances and rate bands were increased as expected with the personal allowance rising from £11,500 in the current year to £11,850 next year.  The level at which higher rate tax starts has ris...

22-11-17 – Changes to the Stamp Duty

According to new Budget-2017, the first time buyers will not pay stamp duty when buying the property up to £300 000 starting from 22 November 2017. For properties above £500 000, no stamp duty will be paid on the first £300 000. This change will take place in England, Northern Ireland and Wales but it will not apply in Scotland as it has its own system of land tax. New Stamp Duty would affect 95% of first-time buyers with 80% not paying any stamp duty. The policy will cost the Treasury £3.2bn over the next five years and it is expected that house prices will rise by 0.3% within a year because...

22-11-17 – Autumn Statement 2017. Main points

On the 22 of November 2017 the Chancellor unveiled his budget, the first since the election and the penultimate one prior to Brexit.

16-11-17 – Government increases the number of Tier 1 Exceptional Talent visas

Government increases the number of Tier 1 Exceptional Talent visas from 1000 to 2000 a year. This will enable to attract more highly skilled workers to come and work in the UK. The perspective areas are digital technology, science, arts and creative sectors. This change is a part of the ongoing reforms which would be carried out by the government related to UK leaving EU. The independent Migration Advisory Committee was tasked by the Home Office to advise on the impact of Brexit on the labour market.

15-11-17 – Good news for EU citizens

The Court of Justice of the European Union (CJEU) has found that EU citizens who move to the UK, and then go on to naturalise as British citizens will retain their free movement rights under EU law. This means that British nationals who naturalised as an EU citizen can rely on the EEA Regulations to bring family members to the UK, as opposed to the increasingly stricter UK Immigration Rules. The findings in the case of C-165/16 Lounes also means that the UK has wrongly been refusing to recognise free movement rights for those EU citizens since 2012. If you have been affected by this then you s...

08-11-17 – Brexit: Updated information from the Government for EU citizens and their family members

The Department for Exiting the EU has published a technical document specifying new details on how “settled status” scheme will operate for EU citizens and their family members. The government promised that the application process will be streamlined, low-cost and user friendly, expecting the majority of cases to be granted and giving a statutory right to appeal if their application is denied. EU citizens will be given a two-year “grace period” to obtain the settled status after Brexit. The document also confirms that EU citizens will not be required to have comprehensive sickness insurance or...

02-11-17 – Bank of England base rate increased

On Thursday 2 November 2017, the Bank of England base rate increased from 0.25% to 0.50%.

31-10-17 – Immigration status and bank accounts

According to the Immigration Act 2014  banks and building societies are required to check the immigration status of the persons who want to open current accounts. The banks and building societies must refuse the applications for a new current account (or an application to add the person as a signatory or identified beneficiary to a new or existing current account) if the applicant has no legal rights to stay in the UK. This applies if the applicant: Entered the UK illegally, i.e. never had leave to enter had leave but stayed after it expired or was revoked are an EEA national subject t...

30-09-17 – Branch office of Law Firm Limited now in Dubai

We are glad to inform you that Lаw Firm Limited  opened their branch office in Dubai.  Address and contacts in Dubai:  LFL Consultancy FZE  19th Floor Conrad Dubai ,Sheikh Zayed Road, PO Box 5610, Dubai United Arab Emirates Tel. 00971 (0)50 9265140 info@lawfirmltd.com

11-09-17 – The EU Withdrawal Bill has passed its first parliamentary vote in the House of Commons

The EU Withdrawal Bill, previously referred to as the Great Repeal Bill, has passed its first parliamentary vote in the House of Commons. On the second reading of the Bill it was passed with a majority of 36 votes: 326 for and 290 against. While Teresa May celebrates her victory during this historic moment, the Labour party believes the Bill is an "affront to parliamentary democracy".  Labour also claimed that the Prime Minister and her government had made a “power grab”. In other words, the bill allows the government to “correct the statute book where necessary” without a full parliament vote...