This January there is some relief for tax advisers and their clients from the gnawing anxiety which grows as the 31st approaches. Although this is the deadline for the submission of personal tax returns, HM Revenue and Customs (HMRC) is waiving late filing and late payment penalties for one month. This gives extra time, if…
DetailsRishi Sunak stood in front of the House of Commons with what appeared to be a relatively upbeat message. Whether the rhetoric becomes fact, only history will tell us, but at least there were no major surprises in the Autumn Budget and Spending Review 2021. No news is good news for non-doms and investors The…
DetailsWhat is a Private Trust Company? For many years, wealthy families have used trusts to protect their wealth and maintain an element of control to avoid providing large sums of money to children in one go (among many other uses). Over recent years, some families have become more reluctant to give the full control to…
DetailsUK Budget 2021- An update for international clients and their advisers _________________________________________________________________________________ Almost a year into the Covid-19 pandemic, the Chancellor addressed an almost empty House of Commons today to present his second full Budget. Declaring that his Budget “meets the moment”, Mr Sunak outlined a three part plan to help the country recover from…
DetailsRecent months have seen Trustees grappling with key changes to the UK Trust Register Since 2017, offshore trustees have been required to register non-UK trusts with HMRC to the extent that the trust was liable to UK Income Tax or Capital Gains tax. The “UK Trust Register”, as it is known, maintains a central register…
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