Brexit effects on Uk and UE from 1, Feb 2021

On the day of Dec. 31, 2020, the conversion period for the United Kingdom (U.K.) to withdraw from the European Union (EU) and the European Atomic Energy Community officially known as “Brexit,” was terminated. European Union (EU) is a political and economic union consisting of 27 members of states that are located primarily in Europe. […]

Know about the Income Tax in the UK

What is Income Tax in the UK? Income tax is the mode by which the personal income of an individual is taxed in the UK. In order to make personal income taxable, a part or proportion of it is taken from the same purpose out of the earnings of an individual in a financial year. […]

How will Brexit impact your business?

Several months of negotiations between the European Union and the UK have finally to a trade deal. To know the effect of the same on the UK business or your business for that matter, continue to read. We are well-accustomed to the 11 month transition period that happened after the UK left the European Union […]

Income Tax UK- All you need to know in 2021

Income tax is a tax you pay on income after it exceeds a certain amount set by the government. However, you are not required to pay it on all types of income as there are certain amounts that are exempted or there are various reliefs and allowances that you can claim on such incomes. Basically, […]

Impacts of Brexit on Trusts and Tax Policies

Brexit’s Effect On Trusts
Despite the fact that Brexit has not made any changes to private client work in any way, it is supposed to have a  knock-on effect on Brexit. It is focused on the limelight on how English trusts work for clients. New money laundering directives are supposed to contract rules around the transparency of trust ownership by putting more of them on a central register. Any trust whether or not it has consequences needs to report to the Revenue and there must be a register that is available to interested parties. Before Brexit, all express trusts administered in the United Kingdom would have to be registered with HMRC, even those that have no current tax consequences.

What is non-executive directorship?

Over the past few years, the role of non-executive directors in the companies of the UK has increased manifold. Whilst the non-executive directorship is prominent in listed companies but over the years even private and small companies have also started to work with them and give them recognition. Let us understand how a non-executive directorship […]

All That You Must Know About Family Trust Registration

Are you wondering what actually Family Trust Registration is all about? You may know that trust helps clients manage your assets and property with the intention that they are distributed among family members after your death as per your wishes. This leads to saving your money, time, and paperwork. Typically, a family trust is traditional. […]