How HMRC Decides if You’re UK Tax Resident In our previous article (UK Residence Explained: The Foundations of UK Tax), we looked at why your UK tax residence is one of the most important factors in determining how you’re taxed. The next question, of course, is how does HMRC actually decide whether you’re UK resident? […]
Moving to the UK? The Tax Implications of Becoming UK Resident Moving to the UK is an exciting milestone, whether you’re relocating for work, returning after several years overseas or simply starting a new chapter. Whilst there’s plenty to think about, from finding somewhere to live to settling into a new routine, it’s also worth […]
The UK’s New 4-Year FIG Regime: What It Means for New Arrivals If you’re planning a move to the UK, tax probably isn’t the first thing on your checklist. Finding somewhere to live, starting a new job and getting settled tend to take priority. However, spending a little time understanding the UK’s tax rules before […]
Find out what our members have been asking us this month… Q My client died and left a gift of 10% of his Estate to his family’s charity, in order to benefit from the 36% rate on the taxable element of the Estate. The Charitable Trust X was properly established by Trust deed in 2024 […]
The 2025/26 tax year is the first year in which taxpayers may find themselves dealing with with the new foreign income and gains (“FIG”) regime as part of their Self Assessment tax return. For internationally mobile individuals, this is a significant change. The old remittance basis came to an end on 5 April 2025 and […]
When people think about UK tax, they often assume it all comes down to where they live. If they’ve moved abroad, they assume they’re no longer taxable in the UK. If they’ve moved here, they expect to pay UK tax on everything from day one. The reality is much more nuanced. Before you can work […]
What do the VAT rules say? When a VAT dispute with HMRC begins, attention naturally turns to the technical position: What do the VAT rules say, and why is our interpretation correct? But having a strong technical argument is only part of the picture. If the dispute progresses, being able to evidence the facts behind […]
Over the last twelve months, we have seen a significant increase in the number of business owners wanting to talk about exit planning. Some are actively considering a sale within the next two to five years. Others have no immediate plans to exit but recognise that retirement, succession, ill-health, changing market conditions, or simply a […]
Selling a company is one of the most important financial decisions a business owner will make. While attention is often focused on finding the right buyer and negotiating a strong sale price, the tax consequences can significantly affect the amount ultimately retained from the transaction. Decisions made months or even years before a sale can […]
Understanding the Tax Differences If you’re preparing to sell your business, you’ll probably spend plenty of time discussing the purchase price, the completion date and the finer details of the deal. What often comes as a surprise is that how*the sale is structured can be just as important as how much you’re selling the business […]
