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April 2015 sees UK tax policy overhaul

22nd May 2015

From 6 April 2015, the UK will see a major overhaul to policies around tax and finance. The Fry Group UK have reported here on changes that have resulted from the general election results. read more

Posted in: News, Tax

The 2015 Finance Bill – Capital Gains Tax

11th December 2014

The 2015 Finance Bill – Capital Gains Tax On 10 December 2014 the Government produced the widely anticipated draft legislation that will implement a Capital Gains Tax charge on non-residents selling UK residential property after 6 April 2015. This represents a major change to the taxation of gains realised... read more

Posted in: Capital Gains Tax, News, Tax

HMRC taking debts from bank accounts

8th July 2014

HMRC Taking Debts HMRC Taking Debts From Bank Accounts There has been much press coverage of a recent HMRC consultation. This is proposing new powers that would allow them to recover certain tax debts directly from individual’s bank accounts. Whilst this is a proposal at the current time, the... read more

Posted in: News, Tax

Undeclared Income

13th March 2014

Undeclared Income HMRC latest advertising campaign centres on their intention to close in on undeclared amounts of income. One of the areas HMRC are concentrating on is undeclared offshore income.  This has been targeted several times over the past number of years and this time is backed by a... read more

Posted in: News, Tax

Isle of Man to Share Tax Information with UK Government

27th November 2013

Isle of Man to Share Tax Information with UK Government In a bid to promote greater financial transparency, the Isle of Man is to share tax information with the UK Government. Financial institutions in the Isle of Man will disclose information about the investments of UK residents to relevant... read more

Posted in: News, Tax

New Tax for Foreign Property Owners in UK?

20th November 2013

New Tax for Foreign Property Owners in UK? Taxing high earners, or those who own high value UK property, is a topic which is regularly debated by UK Government. Recent press reports have suggested that the Chancellor may be considering a new tax which will target non UK residents... read more

Posted in: News, Tax

HMRC Enquiry Centres

5th July 2013

HMRC Enquiry Centres If you deal with your own tax matters yourself, you need to be aware of the recent HMRC announcement regarding Enquiry Centre Closures. As part of cost-cutting measures, HMRC are closing 281 Enquiry Centres.  Whilst the intention is to replace these with home visits, a scheme... read more

Posted in: News, Tax

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