After three years of negotiations, the UK and India have finally struck a landmark trade agreement. For UK businesses already operating in India, or eyeing the market, this is very welcome news. The deal is being described as the most economically significant bilateral agreement the UK has signed since Brexit, […]
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Foreign income and assets can create UK tax obligations, even if tax has already been paid elsewhere. Where overseas income or gains should have been reported to HMRC but weren’t, the Worldwide Disclosure Facility (WDF) offers a way to correct the position. The WDF is open to individuals, companies and […]
Introduced more than a decade ago, the statutory residence test provides clear rules on determining UK tax residence, based mainly on the number of days spent in the UK. However, as the recent Court of Appeal decision in Taxpayer v HMRC [2025] EWCA Civ 106 shows, life is not always […]
With the suite of recent economic and social changes in the country, expanding your business into Saudi Arabia might be the next step. However, there are a number of important considerations to make to ensure that you can make the most of a dynamic economy. Income tax in Saudi Arabia […]
Ongoing global tensions, shifting Government policies, and sudden trade restrictions can wreak havoc on long-distance supply chains. We’ve seen tariffs introduced at short notice, import duties recalculated mid-shipment, and entire markets close overnight. This kind of volatility impacts your cash flow, erodes your margins, and introduces an unwelcome degree of […]
Just days after global markets plunged and UK exporters braced for a new wave of tariffs, President Trump has abruptly reversed course – partially. On Wednesday, the US administration announced a 90-day pause on tariffs for over 75 nations, offering temporary relief from the import duties introduced earlier this month. […]
Last week, we highlighted how quickly international politics can reshape the economic outlook, with the introduction of President Trump’s 25 per cent tariff on imported cars putting UK businesses on alert. We warned then that the wider implications went beyond the automotive sector, urging businesses trading internationally, especially with the […]
The Spring Statement may have been short on tax headlines, but its underlying message was that the UK economy is walking a fiscal tightrope, and global events could easily shake the rope. For UK businesses that trade internationally, especially with the US, the announcement of a 25 per cent tariff […]
The Trade Remedies Authority (TRA) recently announced the completion of its review of all trade remedy measures inherited from the European Union. While this news might not seem immediately impactful for many UK businesses, it signals an important shift in focus, one that could have implications for companies importing goods […]
In a previous blog, we explored the opportunities for UK firms amid shifting trade policies. However, with the latest developments, including new tariffs on UK steel and aluminium, businesses must now adapt to a changing landscape. The latest wave of tariffs imposed by President Donald Trump is sending ripples through […]