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Probate fees scheduled to rise dramatically

7th April 2017

Update: As of 21st April 2017, these changes have been cancelled, as the government will not be able to introduce them before the General Election 2017. We expect that, in the event of a Conservative government being elected, these changes would be reintroduced soon after the election. The Government has announced broad changes in probate fees depending on the ...read more

What are Enterprise Management Incentives (EMIs)?

5th April 2017

Enterprise Management Incentives (EMIs) are an approved tax-advantaged employee share scheme allowing employers to grant share options to employees, most of the time as a reward for their efforts. It is designed for small companies and is not to be confused with the Enterprise Investment Scheme (EIS), where investors receive tax relief on their investment to small companies. What are the ...read more

UK Tax and Domicile – An Overview

21st February 2017

Is your foreign income taxable in the UK? Whether or not you should declare and pay UK tax on your income earned abroad depends not only on which country you have ‘residence’ status in but also on your ‘domicile’ status. If you are unsure of your UK residence status – that is, whether you are a UK resident or not ...read more

Taxpayers warned on latest scam emails

13th January 2017

Taxpayers are being warned about the latest scam email to target them, which takes advantage of the deadline at the end of this month for the 2015-16 Self Assessment tax returns to try and trick taxpayers into thinking they’re due a tax rebate. The email – titled “#Refund Payment Confirmation Number” and an 11-digit number – tells customers that “we ...read more

“English Commercial Register” Fraud

16th December 2016

Ignore the letter One of our clients received this letter, and was understandably concerned – this letter has left some businesses thousands of pounds out of pocket. Business owners should be worried by this letter, but not for the reasons that you think. These letters are spam letters sent out by a Spanish publication firm, threatening businesses with being struck off ...read more

Statutory UK Residence Test

9th December 2016

The most significant impact on anyone's tax is arguably their residence status. Concluding on whether a person is UK resident for tax purposes is not easy. It's really difficult, in fact. To make life a little easier, we have summarised below the key points of the residency test: View a higher-resolution version of the infographic here. If you ...read more