April 2019 is likely to be a busy time for businesses. The UK, if the current timetable applies, will have left the EU and the first phase of Making Tax Digital (MTD) for Business goes live. That first phase is VAT.
HMRC’s Requirement to Correct (RTC) facility, which provides a window of opportunity for individuals, trustees and companies to correct any offshore aspect to their tax affairs, closes on 30 September 2018.
Many international groups have appointed non-resident individuals to a director role for their UK or Northern Ireland subsidiaries.
As part of the UK Autumn Budget on 22 November 2017, Chancellor Philip Hammond announced that, from April 2019, the UK government intends to tax capital gains made by non-residents on the disposal of all types of UK real estate, both commercial and residential.
The UK government intends to tax capital gains made by non-residents on the disposal of all types of UK real estate.
Proposals for a new withholding tax on UK sourced royalties.