If you’re a business owner considering relocating from Hong Kong to the UK, it’s essential to understand the differences in tax systems between the two regions. The UK’s tax regime is notably complex, particularly following recent changes to the non-domicile (non-dom) rules introduced in the Spring Budget 2024. In Hong […]
Yearly Archives: 2024
Venturing into international markets can be an exciting prospect for many business owners, but it also comes with its own set of challenges. One of the most crucial aspects to consider is the taxation involved in conducting business on a global scale. Here’s what you need to keep in mind […]
Moving back to the UK after spending time abroad can be a significant transition, not just personally but financially as well. Understanding your tax obligations is crucial to ensure you don’t encounter any surprises. We have put together some points to help you understand what your tax status will be […]
Remote and overseas work has become more common across many sectors. We often receive enquiries from UK employers interested in leveraging the expertise of talented professionals overseas.
Advanced Transfer Pricing Agreements (APAs) are integral for companies that operate on a global scale. An APA is essentially a prearranged agreement between a multinational company and one or more tax authorities which stipulates the transfer pricing method for transactions between associated enterprises in different countries. These agreements are vital […]
The UK is an outstanding base for global entrepreneurs, famed not only for its cultural icons but also its business-friendly environment. Indeed, the charm of the UK extends beyond its classic fish and chips, unpredictable weather, and historical landmarks – it represents a promising frontier for your entrepreneurial ambitions. For […]
Employing international staff presents unique challenges and opportunities for UK companies, particularly in managing tax obligations effectively. To leverage global talent, British businesses must have a comprehensive understanding of the tax implications and administrative processes required. Understanding the tax requirements of both the UK and the host country where employees […]
IR35 is a crucial piece of legislation that impacts large international companies employing workers in the UK. This law specifically addresses the issue of ‘disguised employment’, aiming to combat tax evasion by both workers and their employers. IR35 does not apply to smaller businesses—those with a turnover of £10.2 million […]
Global Minimum Tax (GMT) is an agreement committed to by more than 140 countries whereby they ensure multinational companies pay a minimum rate of tax.
The Foreign Income and Gains (FIG) regime will replace the current non-dom scheme, which was axed in the Spring Budget earlier this year by the Chancellor. If you are an individual coming to the UK, specifically if you are a high-wealth individual and are looking to bring your business here, […]
