Technical Updates

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23 November 2022

Autumn Statement November 2022

The Chancellor has presented his Autumn Statement which addresses the significant economic challenges faced by the UK and the rest of the world, coming after the increase in government debt following the COVID-19 pandemic. The Statement focused on spending plans, but there are a number of tax and benefit measures which are set out below.
Technical updates
08 July 2022

International Private Client UK Tax Card 2022

Please click the download PDF button to view our latest UK Tax Data Card. There is also a version of the tax data card which should be easier to read on a mobile device here. This UK Tax Data Card outlines key UK tax considerations for…
Non-Dom Tax data card Technical updates
27 June 2022

Statutory Residence Test

Since 6 April 2013, an individual’s residence status in the in the United Kingdom for each tax year has been determined by the The Statutory Residence Test (“SRT”). The objective of the SRT is to alleviate uncertainty surrounding an individual’s tax residency. Extensive guidance and examples as to how the rules operate have been published by HM Revenue & Customs. The test…
Non-Dom Personal taxes Technical updates
25 March 2022

Spring Statement 2022

The Chancellor presented his spring statement on 23 March 2022. The statement was overshadowed by increasing inflation which is being described as the “cost of living crisis”. There were limited changes to business taxation and some changes to NICs intended to mitigate the effect of the Social Care Levy (which comes into effect on 6 April 2022) on lower earners. EMPLOYMENT ALLOWANCE…
Technical updates
10 February 2022

UK Tax Administration and Maintenance Day 30 November 2021

On 30 November 2021, the Government published a paper containing technical updates and responses to consultations covering a range of topics, in a similar format to its “Tax Day” update on 23 March 2021. It is part of a larger ten-year roadmap set out by the Government and is aimed at simplifying tax administration and keeping the UK’s tax laws fit for purpose, as well as taking…
Technical updates
28 January 2022

French Tax Data Card 2022

Please download the pdf to view the French Tax Data Card for 2022.
Tax data card Technical updates
29 October 2021

Budget October 2021

This document highlights the more important tax changes and announcements from the 2021 Budget.
Technical updates
29 October 2021

UK Tax Data Card 2022/23

Please click the download PDF button to view the UK Tax Data Card 2022/23. There is also a version of the tax data card which should be easier to read on a mobile device here.
Tax data card Technical updates
28 September 2021

HMRC’s View on the Taxation of Cryptoassets for Individuals

Cryptoassets are cryptographically secured digital representations of value or contractual rights that use some sort of distributed ledger/blockchain technology and can be transferred, stored or traded electronically. HMRC have identified three types of cryptoasset, exchange tokens, utility tokens and security tokens. However, they have only considered the tax implications of…
Technical updates
27 August 2021

The 5th Money Laundering Directive as it relates to trusts

The EU’s 5th Money Laundering Directive (“5MLD”) was transposed into UK law on 10 January 2020. The Directive affects all UK express trusts and many non-UK express trusts, and extends the reach of the 4th Money Laundering Directive (“4MLD”), which itself was transposed into UK law on 26 June 2017. On 17 May 2021, HMRC’s ‘Trust Registration Service Manual’ was released and this note…
Trusts & Estates Technical updates
29 July 2021

Selling to Consumers in the EU – VAT One Stop Shop Reforms

“One Stop Shops” are put in place by the EU to ease the burden on businesses selling to consumers across the Union. Rather than having to register for VAT in each country, One Stop Shops permit businesses to submit a single VAT return declaring sales in multiple EU Member States. On 1 July 2021 a new Import One Stop Shop came into effect and reforms were made to the existing Mini…
Technical updates
05 May 2021

Stamp duty land tax surcharge for non-residents

In the 2018 Budget the Chancellor announced that a surcharge on SDLT rates will be applied to acquisitions of residential property in England and Northern Ireland. The surcharge will apply to transactions on or after 1 April 2021.
Non-Dom Property Technical updates