The UK Government has introduced reforms to the tax treatment of non-domiciled individuals in the recent Autumn Budget. Set to take effect on 6 April 2025, these changes will impact both long-term residents and international businesses. What is changing? The biggest change involves moving from the existing domicile-based tax system […]
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It’s important that we approach the matter of Chinese business with both optimism for growth and caution towards the regulatory risks. The economic relationship between the UK and China remains vital, with China representing one of the UK’s largest trade partners, largely due to its expansive consumer market, competitive manufacturing […]
The journey for UK businesses looking to expand globally can be challenging, especially when you consider trade regulation barriers and other obstacles. However, recent news from the Government offers a new opportunity for businesses looking for international success – the launch of the £2.3 million Regulatory Partnership for Growth Fund. […]
With trade deals now valued at just shy of £4 billion annually, the business relationship between the UK and The Bahamas is blossoming. This growth is further underlined by the recent visit of Baroness Chapman, the UK Minister for the Caribbean, who led negotiations on a series of important trade […]
In a major boost to the UK economy, Prime Minister Sir Keir Starmer recently announced a £10 billion investment from US firm Blackstone. This landmark deal will establish Europe’s largest artificial intelligence (AI) data centre in Blyth, Northumberland, creating over 4,000 jobs. With construction set to begin next year, Blackstone […]
Hong Kong is taking bold steps to strengthen its financial position, and the recent reforms there are opening new doors for businesses worldwide, including those from the UK. As a global financial centre, Hong Kong has always been a bridge between East and West, and recent changes in its financial […]
As we move further into 2024, international businesses are keeping a close eye on the UK, particularly when it comes to opportunities for expansion. The UK has long been an attractive destination for businesses due to its global reach, advanced infrastructure, and unique tax incentives—particularly for non-domiciled individuals (non-doms). While […]
The United Arab Emirates (UAE) has long been an attractive market for UK businesses seeking to expand internationally. As part of the Gulf Cooperation Council (GCC), the UAE has consistently offered opportunities for trade and investment. With a newly announced trade deal on the horizon, negotiated as part of the […]
The King’s Speech in July brought changes for accountants and auditors across the UK, with the Draft Audit Reform and Corporate Governance Bill taking centre stage. This bill, designed to address long-standing concerns about audit quality and corporate governance, will impact both public and private companies, including international businesses operating […]
As National Payroll Week draws to a close, it’s a fitting time to reflect on the often overlooked but important role payroll plays, particularly for businesses with ambitions to expand internationally. Payroll is a complex function that ensures compliance with local regulations, maintains employee satisfaction, and supports the smooth running […]
