The tangled web of the associated companies rules from 1 April 2023
Where taxable profit falls between the lower and upper limits, a company pays tax at an effective rate of 26.5%. The limits are reduced for periods of less than 12 months and are dependent on the number of associated companies. Definition of Associated Company A company (regardless of its tax residence) is associated with another […]
The importance of Payroll
There are a number of ongoing requirements and future changes to payroll legislation to keep in mind. Pension Re-Enrolment – action needed A significant ongoing requirement that directly affects employees is re-enrolment. Re-enrolment takes place every three years on the anniversary of the employer’s original staging date for automatic enrolment, whereby the employer must re-enrol […]
Rental Properties, things you need to consider
Whether the property is UK or overseas sited will have an impact on your reporting requirements and tax liabilities. Consider how rental properties are taxed abroad and whether relief is available for that tax in the UK. Remember, although your rental income may be subject to tax overseas, you are liable to UK tax on […]
