UK-only companies look at quitting
UK-only companies look at moving abroad, tax advisers say
UK-only companies look at moving abroad, tax advisers say
Some companies with purely UK operations are seeking advice as to whether
they should move abroad, tax advisers have revealed.
Speaking at an Accountancy Age Insider Business web seminar, Dominic
Stuttaford, tax lawyer at Norton Rose, said he has witnessed the phenomenon. ‘We
got some calls from some entirely UK operations with no international operations
saying “well we should be doing it”. And things quiet down and you say, “well,
no, you don’t really need to”,’ he said.
Chas Roy-Chowdhury, head of taxation at
ACCA, said a lot of the
issues stem from the moving of tax policy from Revenue to the Treasury, and the
impacts this has had on the effectiveness of the consultation process.
‘It just seems that tax policies are in the wrong place,’ he said.
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article