Yesterday, the 15th of March 2023, the Chancellor Jeremy Hunt announced his first full Budget. One of the key themes was boosting economic growth and while he confirmed the 6% increase in the rate of corporation tax, he also mitigated this by replacing the capital allowances “super-deduction” with full expensing, enabling businesses to claim tax relief […]

The Annual Tax on Enveloped Dwellings (ATED) rates payable for chargeable periods beginning on or after 1 April 2023 have been set by the Government as follows: Annual chargeable amount Value of the interest on the relevant day GBP 4,150 More than GBP 500,000 but not more than GBP 1 million GBP 8,450 More than […]

The UK and Italy have agreed on a momentous trade partnership to boost UK exports, help create jobs, increase wages and grow the economy. It’s good to see that the already strong relationship between the two countries has just strengthened even after Brexit. This agreement can only help the UK and Italy facilitate the growth […]

Today the 17th of November 2022, the UK Chancellor Jeremy Hunt unveiled his Autumn Statement in the House of Commons. The Chancellor has outlined plans designed to tackle rising prices and restore the UK's credibility with international markets. He highlighted that the Government‘s priorities are stability, growth, and public services. Please find below a summary of […]

On 7 June 2022, the UK and Luxembourg signed a new double tax treaty and protocol that, among other changes, removes withholding tax on most dividends and all royalties and extends source taxation of capital gains. The document introduces exemptions from withholding tax on most dividends and all royalties. Following the end of the benefits […]