Technical Updates

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…

Please download the pdf to view the French Tax Data Card for 2022.

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

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.

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…

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…

“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…

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.

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.

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

Please download the pdf to view the French Tax Data Card for 2021.

As a result of the disruption caused by the ongoing COVID-19 pandemic the government has introduced a number of measures designed to protect employers and employees, one of which being the Coronavirus Job Retention Scheme (CJRS). Under this scheme, employees may be ‘furloughed’ to protect against them otherwise being made redundant. The scheme is applicable to all UK employers…