Have you received a letter from HMRC with a CFSS- number? We are currently hearing from many individuals who have recently received a nudge letter from HMRC regarding compliance with offshore matters, particularly recently in Italy which aim to prompt disclosures. If you are someone who wants to make an unprompted disclosure or have been prompted … Continue reading Worldwide Disclosure Facility Explained- CFSS –
HMRC’s Worldwide Disclosure Facility (WDF) allows the disclosure of a UK tax liability relating wholly or partly to an offshore issue. Which years? WDF applies for all tax years up to and including 2019/20 If HMRC has sent you a tax return for that year or any tax year from 2015/16 onwards which is still … Continue reading Worldwide Disclosure Facility WDF
The GDPR not only applies to organisations located within the EU but it will also apply to organisations located outside of the EU if they offer goods or services to, or monitor the behaviour of, EU data subjects. It applies to all companies processing and holding the personal data of data subjects residing in the … Continue reading How GDPR will change after Brexit?
What is a split year? Under the statutory residence test if you become UK resident part way through the tax year the initial premise is that you are resident for the whole of that tax year. Similarly should you become non-UK resident part way through a tax year, you will initially be treated as remaining … Continue reading Am I UK resident?
VAT rules relating to imports and exports to and from the EU will change. Prior to Brexit and during the transition period The UK was part of the EU VAT regime. This means a UK business didn’t have to register for VAT in each EU country, and instead applies a common set of rules in … Continue reading How VAT will change after Brexit?