News
04.12.2012 - Autumn Statement (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.
Business Tax
In addition to the Budget 2012 announcement, the main Corporation Tax (CT) rate for Financial Year 2014 will be reduced by a further 1% to 21%.
As already announced, the main CT rate for Financial Year 2013 is 23% and the Small Profit rate is 20%.
Obviously the government wants to make UK more tax attractive jurisdiction for multinational corporations (MNC). Most of the UK neighbours have quite low CT rate...
21.11.2012 - Changes to the Immigration Rules (November, 2012)
The following changes will be made to the Immigration Rules from 13th December, 2012 (we have omitted many minor technical changes and mention only the significant changes.)
Investors
Initial applicants will need to provide evidence of the source of the funds.
The rules will make clear investors cannot rely on loans raised against investments not in the UK nor rely on any investments not held in the UK. The rules already precluded these types of investment but the rules are being made explicit in this regard. Funds will be excluded against which a loan has been secured, where another party...
08.11.2012 - New changes to the Immigration (European Economic Area) Regulations 2006
The government has announced new changes to the EEA Regulations which came into force on 8th November, 2012.
The amended Regulations further qualify the rights of EEA nationals and their family members to enter and reside in the UK and confirm the conditions of rights to permanent residence.
The main changes are as follows:
- the ECJ judgment in the case of Ruiz Zambrano (C34/09) has been given effect, i.e. the carers of British citizens will have ‘derivative rights’ to enter and reside in the UK
- changes to who is defined as a ‘primary carer’ for derivative rights
- extended family members will n...
04.11.2012 - New English requirement for all applicants for indefinite leave to remain
As we previously announced in our news article of 11.06.2012, from 1st October 2013, all applicants for indefinite leave to remain (settlement) will be required to show an English language ability to level B1 CEFR in addition to passing the Life the UK Test, unless they are exempt. Applicants over the age of 65, as well as those with a mental or physical impairment which prevents them from being able to pass the test, will be exempt, as they are now.
05.09.2012 - Changes to Immigration Rules (2012)
The government has made more changes to the Immigration Rules, many of a minor nature. In response to the Supreme Court judgment of Alvi the government has placed more guidance into the Immigration Rules so that it does not fall foul of the constitutional requirement that it must be laid before parliament before any substantive immigration requirements become lawfully binding. Existing errors have also been corrected and clarification has been provided in respect of the particularly poorly drafted recent family migration requirements and new Long Residence and Private Life Rules.
The changes...
18.07.2012 - Supreme Court Rules
Two new Supreme Court judgments (Munir and Alvi), promulgated on 18th July, 2012, have effectively ruled that all proposed Immigration Rules and substantive immigration requirements have to be laid before Parliament for approval before they can be lawfully enacted. This meant that substantive immigration requirements which have not been laid before Parliament for approval - like much of the Policy Guidance behind the Points-Based System and the Codes of Practice - were unlawful.
However, the government has already responded to these judgments by publishing new Statements of Changes and subs...
15.07.2012 - Changes to the Immigration European Economic Area Regulations 2006
On 16th July, 2012, the government announced changes to the EEA Regulations 2006 which govern the rights of EEA nationals and their family members in UK law. These changes have been brought for the most part to incorporate developments in European case law.
Many of these changes are of a minor technical nature and we set out only the major changes of general interest here:-
1. There are new ‘derivative rights’ of residence for: those caring for self-sufficient EEA children; the children of former EEA national workers where the child is in education; carers of the children of former EEA nation...
10.06.2012 - Family migration changes announced
The government has today announced sweeping changes to family immigration rules which will come into force on 9th July, 2012:-
- There will be a minimum earnings requirement of £18,600 in order to sponsor spouses, fiancées, partners and civil partners for settlement in the UK. If a child is also sponsored the minimum earnings requirement will be £22,400 and £2,400 for each further child.
- The probationary period for spouses and partners will be extended from two years to five years.
- A five-year probationary period for settlement for partners of Points based System Migrants (as opposed to the cu...
10.05.2012 - Removing full right of appeal for family visitors
The government has announced today that it will be removing the full right of appeal for family visitors. The change is expected to come into force in 2014 when family visitors will be able to appeal only on human rights or race discrimination grounds.
From July 2012 the definition of family visitor will be limited so that those coming to visit a cousin, uncle, aunt, niece or nephew will have only a limited right of appeal on human rights or race discrimination grounds. Furthermore, from July 2012, any family visitor will need to be visiting a settled family member in the UK (or one with ref...
09.05.2012 - Overview of the budget 2012
As expected, the Budget announced by the Chancellor, George Osborne, on 21st March stirred much debate, not just in Parliament, but across the country. Arguments for and against its impact on businesses, individuals and the economy in general, have raged on for the last week and, much like every budget through history, everyone’s stance is dictated by how it affects them personally. In such circumstances it is difficult to find a view that is not tarnished by a subjective outlook, but now that the dust has settled on the budget, we will try to pick through the measures and provide an objectiv...
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