The Autumn Budget has introduced a wide range of reforms to taxation in a bid to fund measures that will strengthen the UK’s economy. Some of these changes are set to have a knock-on effect on how international businesses trade, operate and invest within the UK. Given these changes, it […]
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Inheritance Tax (IHT) can be an intimidating part of financial planning and easy to get wrong without the right information. With the Government reporting that HMRC collected £7.6 billion in Inheritance Tax in the last tax year, more people are falling into the IHT bracket. When dealing with estate planning, […]
Businesses across the world are facing trade uncertainty and with changing tariffs and trade policies, operations are having to adapt. HSBC’s latest Global Trade Pulse Survey found that firms are becoming more resilient to trade obstacles and are rethinking their trading strategies. With confidence slowly returning, firms are having to […]
The increase in hybrid working has changed the way many businesses operate and when employees choose to work abroad, it can come with additional challenges. Whether employees choose to take short hybrid periods or long-term remote roles overseas, these arrangements can bring employers additional legal risks. While managing remote-working employees […]
The announcement of a one-year trade truce between the United States and China has eased months of tension that had unsettled businesses and investors worldwide. Presidents Donald Trump and Xi Jinping agreed to pause further tariff increases and suspend new export restrictions in their meeting at the APEC summit in […]
For SMEs operating across borders, transfer pricing is an increasingly important issue. It governs how goods, services and intellectual property are priced when transferred between group companies in different countries and mistakes can be costly. Understanding the rules Tax authorities expect intercompany transactions to be priced at “arm’s length” – […]
When the UK and the US first announced their new trade deal, it was hailed as a breakthrough moment for post-Brexit Britain. This promised reduced tariffs, improved market access and closer economic ties between the two nations. Now that some time has passed since its implementation, UK businesses are beginning […]
The UK has long been a preferred destination for overseas investors, especially in the property market. Yet, recent tax reforms have reshaped the landscape for non-resident and returning investors alike. Following the abolition of the non-domicile (non-dom) regime, confirmed in the Spring Budget 2024, the rules governing international tax and […]
For any UK business owners who are operating internationally, you may be familiar with transfer pricing. Transfer pricing refers to the prices charged for goods, services or intellectual property when they are transferred between different parts of the same business across borders. How does transfer pricing work? Transfer pricing works […]
The United States remains one of the UK’s most important export markets. However, changes in trade policy have made selling into the US more challenging and less attractive for many British businesses. Between April and June, UK goods exports to the US fell by 13.5 per cent, equivalent to around […]
