Beyond Compliance: Technical & Advisory Insights

Non-resident Indians, whether Indian nationals or British nationals of Indian origin, if they are resident in the UK for tax purposes, are liable to UK tax on their worldwide income and/or gains, except in some very rare circumstances. Basically if you are resident in the UK, you will normally be

Often businesses need to decide what sort of an organisation structure suits them best. Various choices often get narrowed down to one between a limited company and a limited liability partnership. Here are some areas that could be looked in to whilst making that choice. Private Limited Company Limited Liability

The June 2010 budget sought to cheer up small businesses by announcing that a reduced corporation tax rate of 20% will be applicable from 1 April 2011. This was particularly welcome given that the Labour budget announced in March 2010 had proposed to raise it to 22%. Whilst a 1%

S.85 of the Finance Act 2011 introduced amendments to s.684 of the Income Tax (Earnings & Pensions) Act 2003 as follows: “4B Provision that in specified circumstances a person may be required to give security, or further security, for the payment of amounts in respect of which the person is

A company is a legal person. So, should it die, it should die a legal death. With nearly a thousand companies being struck off the public record at the Companies House every day, it looks like one strike-off follows every new registration! There are various ways of winding up a

Once formed, the law regards a company as an artificial legal “person” with rights and obligations distinct and separate from those who formed it. A company can own assets in its own name like any other person can do. And the company never dies, only its existence gets terminated either

Changes to the employment laws due in the New Year (2012) will mean that employees will have to pay a fee to take a case to an employment tribunal which they will get back only if they win, and that the qualifying period of continuous employment before bringing in claims

Section 155(1) of the Companies Act 2006 requires every company in the UK to have at least one director who is a natural person. Effectively this has plugged a major loophole in the company form of business structure where enterprising businessmen could shirk the director’s responsibilities by appointing corporate directors.

The council tax rates currently applied on properties in England are based on eight tax bands last reviewed in 1991. The Labour government had proposed to review the bands way back in 2007 but gave up the proposal after the Welsh revaluation in 2005 placed over a third of the