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.

Non Doms in 2016

Autumn statement 2016
The Statement provides an update on the government’s plans for the economy.

UK Tax Rates
Basic information about UK tax rates for 2016/2017 tax year.

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.

Pensions
Main facts about pensions in the UK.

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.

Cycles and the Chinese
The cyclical global recovery continues apace.

Non Doms in 2016
This article intends to have a look at the areas of UK taxation affecting non UK domiciled individuals. 

Summer Budget 2015
George Osborne has delivered the first solely Conservative Budget since 1997.

Budget 2015
Budget 2015 was announced on 18th of March 2015 and we would like to provide you with short summary on this matter.

Budget 2014
Budget 2014 was announced on 19th of March 2014 and we would like to provide you with short summary on this matter.

Autumn statement 2013
The statement provides an update on the government’s plans for the economy. In the United Kingdom, it is one of the two statements HM Treasury makes each year to Parliament upon publication of economic forecasts, the other being the annual Budget. The duty to publish twice annual economic forecasts was created by the Industry Act 1975, with the first such publication occurring in December 1976.

Budget 2013
The Chancellor George Osborne delivered new Budget 2013. Please read our short summary on this matter.

Autumn Statement of 5th December 2012 (Pre Budget 2013)
The Chancellor George Osborne delivered his Autumn Statement to Parliament and we would like to highlight below main facts, which we believe would be interesting to our clients.

Budget 2012. Please read our articles:

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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