We have the pleasure in sharing our Summary of the Summer Economic Update 2020 presented by the Chancellor.
The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses must take action to reinstate their direct debit mandates.
With the US tax reform, the corporate tax rate was lowered to 21%. That sounds good, but what are the collateral issues for inbound investment?
UK pharma group GlaxoSmithKline found itself at the centre of a tax crackdown after authorities accused nearly 1,500 of its self-employed contractors of being “disguised employees”. This blog explains the changes to IR 35 legislation and the HMRC crackdown on standalone contractors and designating them as employees.
On 28th December, 2018, the official Mexican gazette – the Federation Income Law (FIL) – was published for 2019, enforcing the most relevant legal amendments.
Liechtenstein – known for its highly qualified financial services – is a pioneer in handling new technologies. Read more from our Ecovis colleagues in Liechtenstein
The Spring Statement was always going to take second place to the Autumn Budget but the Brexit debate grabbed the headlines anyway. Yesterday, the Chancellor had little opportunity to make policy announcements, given that Brexit may happen on the 29th of the month, or may not, or may happen but not in a form that we can see at present, or even plan for. Death is now the only certainty that we have. Certainty over taxes has been parked for the present.
Germany and the UK have shared strong cultural and historical ties dating back to the 1700s, when the German Georg Ludwig became George I of England in 1714. Furthermore, the British royal family changed their surname from the German von Sachsen-Coburg-Gotha to Windsor as recently as 1917.
Aiming to modernise and improve the UK tax system, the Government’s Making Tax Digital for VAT (MTD) initiative comes into effect from 1 April 2019. Other areas of MTD, such as income tax and corporation tax, have been put on hold until April 2020 at the earliest. Although the initiative is moving slower than planned, MTD will continue to move forward, despite Brexit.
Read our breakdown of the key announcements from the Budget and what these could mean for you. Please get in touch with your Ecovis Advisor, or call us today on +44 (0) 207 495 2244 to discuss your business or personal circumstances.
Deciding where and how to expand your business overseas is by no means an easy task and one which has arguably been made more challenging by recent global economic and political uncertainty. Download and read our guide to Doing Business in the UK - Key Aspects and Considerations.