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 […]
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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 […]
Expanding your UK business to Hong Kong presents exciting opportunities, but it also comes with important tax considerations. One of the key questions business owners ask is: do we need to register for tax in Hong Kong? The answer depends on factors such as your business structure, the nature of […]
From geopolitical tensions to digital transformation, businesses operating internationally are facing increasing uncertainty. The UK Government’s latest horizon scan highlights the challenges of economic security and trade policy, with a strong focus on risk management, supply chain resilience, and financial stability. For businesses expanding overseas, these concerns have real financial […]
From 6 April 2025, the UK tax system will move away from domicile-based taxation and instead apply a residence-based approach. If you are a non-dom (non-domiciled individual) or a British expatriate planning to return to the UK, these changes will likely have a major impact on your tax position. The […]