Technical Updates

Technical updates

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technical updates

In-depth analysis of the issues facing our private clients, entrepreneurs and their businesses.

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Basis Period Reform

The way in which business income is charged to income tax is changing from 6 April 2023, affecting all self-employed individuals, partners in trading partnerships, unincorporated entities with trading income, and non-resident companies with trading income charged to income tax. Under the current system, income declared on an income tax return is determined by the business…
Technical updates

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

French Tax Data Card 2022

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

Budget October 2021

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

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

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

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

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

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

UK Tax Data Card 2021/22

Please click the download PDF button to view the UK Tax Data Card 2021/22. 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

2021 Budget Update

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

French Tax Data Card 2021

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