Following the UK Government’s 6 March announcement of tax reforms for the current “non-dom” tax regimes, the opposition Labour party has begun to outline how its plans would differ if they win the next UK general election. In...more
On 6 March 2024, the UK government announced the planned abolition of the remittance basis of taxation for UK resident non-domiciliaries from 6 April 2025 onwards for foreign income and gains (FIG). This will be replaced with...more
On March 6, 2024 UK Chancellor Jeremy Hunt announced in his Spring Budget an intention to rewrite the UK taxation of internationally mobile people from April 2025. As outlined it would appear to be a zero tax regime on non-UK...more
The Economic Crime (Transparency and Enforcement) Act 2022 (the Act), enacted in March 2022, introduced a Register of Overseas Entities. Under this legislation, overseas entities which own certain interests in United Kingdom...more
On 6 October 2020, the Fifth Money Laundering Directive ((EU) 2018/843) (MDL5)) was implemented to reinforce the United Kingdom’s money laundering regime. This had the effect of tremendously broadening the scope of the types...more
Our International Tax Transparency Update will cover DAC6, the UK’s Trust Registration Service and other global registration requirements that may be relevant for businesses. The importance of these requirements cannot be...more
11/16/2020
/ Cross-Border Transactions ,
DAC6 ,
Disclosure Requirements ,
EU ,
Filing Deadlines ,
Intermediaries ,
International Tax Issues ,
Multinationals ,
Registration Requirement ,
Reporting Requirements ,
Tax Authority ,
Tax Planning ,
Transparency ,
Trustees ,
Trusts ,
UK ,
Webinars
In March, we wrote about the challenges self-isolation and social-distancing presented to the legalities of signing a will, in particular the requirement that a will is signed in the presence of at least two witnesses. We...more
It is no secret that the Coronavirus (COVID-19) pandemic is having a significant impact on the economy. Chancellor Rishi Sunak recently stated that “it is now very likely that the UK is facing a significant recession at the...more
5/31/2020
/ Capital Gains Tax ,
Coronavirus/COVID-19 ,
Debt Restructuring ,
Income Taxes ,
Inheritance Tax ,
Insolvency ,
National Insurance Contributions ,
Pensions ,
Relief Measures ,
UK ,
Value-Added Tax (VAT)
In these uncertain times, many clients are considering putting their affairs in order—just in case the worst should happen. This is an entirely natural reaction to the advancing Coronavirus (COVID-19) epidemic. But where a...more
Health Care Private Equity Investments in India -
A flurry of recent private equity (PE) investments in the Indian health care sector demonstrates strong investor appetite and opportunities.
India is one of the fastest...more
On 23 July 2018, the UK Government confirmed it would legislate to introduce a new public register of ownership for all non-UK legal entities that own UK property. The register will be the first of its kind in the world and...more
Implementation of the 6 April 2017 tax changes applicable to non-domiciled individuals, offshore trusts and UK residential property has been delayed because of the forthcoming UK General Election on 8 June 2017. Whilst it is...more
In Depth -
From 30 June 2016 all UK companies (other than most listed companies) and LLPs will need to include details of persons with significant control or influence (“PSC”) on their annual confirmation statements...more