In today’s Autumn Statement, Chancellor Jeremy Hunt warned of a substantial tax increase. Many of the tax increases are hidden in plain sight through freezing across a range of measures. One announcement welcomed by many was that there will be a windfall tax on energy companies from January 2023 to March 2028, at 35%; and that a temporary higher tax of 45% will be placed on electricity generators. The anticipated changes to non-dom tax levels or remittance basis were not made, perhaps unexpectedly, [- -]
With the recent uproar over Akshata Murthy’s tax status in the UK and her decision not to elect the remittance basis of taxation going forwards, we thought it would be interesting to do a round-up of some of the tax incentives offered across Europe to individuals relocating who have previously been non-resident in the territory in question.
Submitted by
Sestini & Co | on Tue, 03/29/2022 - 12:08 | In
international tax,
non-dom The April 18th tax filing deadline less than a month away for US citizens and others required to file a tax return in the US but the IRS is still experiencing delays.
Submitted by
Sestini & Co | on Tue, 11/30/2021 - 9:01 | In
international tax,
non-dom The 2022 Budget and Tax bill in the USA, aka the Build Back Better Act, calls for nearly $2 trillion in tax increases on corporations and the “super rich”, although Biden has vowed not to raise direct taxes on people earning $400,000 or less.
As well as tax proposals, it includes provision for substantive sums to fight climate change, universal preschool, child tax credits, 4 weeks of paid leave, healthcare spending, affordable home care, and affordable housing.
The Bill also includes suspension [- -]
On 27th March 2020, the US agreed a package of measures designed to help mitigate the impact of the Covid-19 pandemic. Named the Coronavirus Aid, Relief, and Economic Security (CARES) Act, it provides for direct payments to individuals and small businesses.
Submitted by
Sestini & Co | on Wed, 03/25/2020 - 18:14 | In
international tax,
non-dom The IRS has confirmed extended filing and payment dates however, not all US states are mirroring the 3-month deadline so get in touch with us for guidance.
Capital Gains Tax rates are likely to rise if there’s a change in government following the December 2019 general election, now is a good time to review your assets and properties ahead of potential changes.
Submitted by
Sestini & Co | on Fri, 05/31/2019 - 15:00 | In
non-dom,
Pensions,
private client What are your choices when it comes to self-administered pension schemes? Sestini & Co Pension Trustees explains three of your choices: QROPS, SSAS and SIPPs.
Submitted by
Sestini & Co | on Wed, 02/20/2019 - 20:12 | In
international tax,
non-dom,
private client If you’re an EU or EEA citizen living in the UK, find out what you’ll need to do to gain settled status and talk to us about your tax.
UK taxpayers with overseas assets must check their tax position and ensure there are no instances of tax evasion or non-compliance to avoid RTC penalties
