Year end tax planning for individuals is traditionally focused on what you should do ahead of the end of a fiscal year. It should however be a wider thought process on steps you should take to review your tax planning in the next fiscal year and onwards. This year it is particularly relevant as there are a … Read more Year End Tax Planning
The UK’s creative industries are now worth a record £84.1 billion to the UK economy according to figures released today by the Government. The figures show that the sector is growing at twice the rate of the wider UK economy- generating around £9.6m per hour, with the success set to last with a strong line-up … Read more UK Creative Industries worth almost £10m an hour to economy
Our tax partner Paul Belsman has written the following article which has been published in this month’s Taxation magazine. Congest ATED Rarely is the term congestion used to describe taxation provisions but arguably it could be said to apply to the ownership of UK residential property by non residents given the influx of new legislation … Read more Congest ATED – Paul Belsman writes for Taxation magazine
Ahead of the Autumn Statement tomorrow we are taking a deeper look at one of the biggest changes to come out of the 2015 Summer Budget which has been widely reported, namely the new regime for the Taxation of Dividends. For those with significant dividend income, this will have a material impact on their income tax liabilities for … Read more Pre – Budget Dividend Focus
HMRC has now published a consultation document following the announcement in the Summer Budget that non-domiciled individuals would be deemed domiciled for all tax purposes once they have been resident for 15 out of the previous 20 years. The fundamental principle has not been changed; albeit, HMRC are seeking views. The basis proposition is that … Read more Update: Changes to Non-Domiciled Status
The App has been developed using the latest technology and provides handy tax tools and the latest tax information straight to your mobile device. It is available for iOS and Android mobile phones and devices. Here is a taster of the handy features it offers: Tax tips – a range of practical tax pointers for … Read more We’ve got some exciting news for you – we’ve just launched the Nyman Libson Paul TaxApp.
Great news, the TV Tax Credit is conceived, if not born yet. A welcome injection for UK high end drama and animation, even the computer games industry gets some action! The breaks start from 6 April 2013, all subject to EU State Aid approval. The draft TV Tax Credits legislation is very close in structure … Read more Great news – the TV Tax Credit is conceived!
At Nyman Libson Paul, we’re very proud of our association with the Bond films – we’ve produced the accounts for every film since the first one, Dr No in 1962. As it’s the 50th anniversary of the Bond movie this year, we thought it would be a bit of fun to look back at the … Read more 007’s Tax bill for Bond car skyrockets
If you haven’t yet submitted your tax return, then beware! This year the taxman has introduced a raft of extra penalties for late filers. In the past, anyone submitting their tax return after the January 31 deadline faced a straightforward £100 fine. If there was tax due, you also had to pay interest on the … Read more Beware the ides of April!
The draft clauses for the 2012 Finance Act brought good news for anyone looking to raise share capital under the Enterprise Investment Scheme (EIS). We at Nyman Libson Paul are heavily involved with EIS and have seen the scheme’s popularity grow in recent years, particularly since the increase in Income Tax relief to 30% in … Read more Ho, Ho, Ho EISmas cheer…..