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US Citizens owning UK companies and dividends overview
US Citizens owning UK companies and dividends overviewOn 22 December 2017, President Trump signed into law major tax changes that will affect almost all US citizens that own an interest in a UK company.Our dedicated US tax team have set out below the key points that US shareholders need to know:Repatriation tax of between 15.5%-18% of Earnings & Profits generated between 1986 and 31...
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A review of the changes introduced for the new tax year 2018/2019
If you cast your mind back to last March when Chancellor Philip Hammond delivered his Spring Budget, you may recall he made changes to various tax allowances which have now come into effect. Our tax team have highlighted the main changes that may affect you and your business.Personal AllowanceThis year, most tax payers will see an increase in their personal allowance; the basic rate of 20% has...
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Highlights from the Spring Statement
Philip Hammond’s new style of Spring Statement was aimed at making a statement on the health of the economy and not as a forum to announce tax changes or spending announcements. Mr Hammond was keen to stress that the economy had performed better than expected, with a predicted growth of 1.5%, plus the expected reduction in inflation during the coming year should produce real wage growth...
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