06 November 2019
The move to the corporation tax regime for non-resident companies letting out UK real estate, will have a significant impact on the way they calculate their taxable rental profits, compliance processes and the timing of when tax payments will become due.
06 November 2019
In continuation of the series of articles on the subject of Corporation Tax for non-UK resident companies, this issue summarises the main differences between the UK income and corporation tax regimes and what non-UK resident companies can expect from the regime change.
06 November 2019
With the transition to corporation tax for non-resident companies, capital allowances regime should be of significant benefit to non-resident companies.
06 November 2019
The government is moving non-resident companies receiving UK rental income into the corporation tax regime from the existing income tax regime. We look at the administration and pay and file matters which will be impacted as a result of these changes.
06 November 2019
From April 2020, non-resident landlord companies will be hit by a variety of targeted rules concerning the deductibility of finance costs. This could impact their UK tax position. We broadly outline the key tax factors and recommend early action is taken using a measured approach.
08 August 2019
As of 1 April 2020, new rules regarding restrictions on capital losses are due to commence. Find out how you may be affected by the new legislation.
08 August 2019
The Government has issued a consultation paper on their proposals to charge an extra 1 per cent stamp duty land tax (SDLT) for non-resident purchasers of residential property. Find out how this could affect you.
30 July 2019
The Government believes the legislative changes will impact 170,000 individuals working through their own intermediary, such as a PSC. For these individuals, the deduction of tax and NI at source will have cash flow implications and, therefore, needs to be planned for.
What do individuals need to consider?The Government has confirmed that it intends to reform the off-payroll working rules (commonly known as IR35) from 6 April 2020. This change impacts an estimated 170,000 individuals who supply their services through an intermediary, such as a personal service company (PSC), and who would be deemed employed if engaged directly.
23 July 2019
Now that non-resident companies are subject to UK corporation tax on their capital gains, HMRC have published guidelines on how to register for corporation tax. Find out when to register and what may be expected.
