Starting a new business can be a daunting financial challenge, but many governments offer tax incentives to support entrepreneurs. In Ireland, start-up companies may be eligible for Corporation Tax (CT) relief under Section 486C of the Taxes Consolidation Act 1997....
It is often at times of unrest or potential political change that South Africans step back and assess their situation! So, what can you do? Option One – Emigration Emigration is certainly an option and hundreds of thousands of South Africans have taken this route in...
There have been several articles recently on increasing numbers of South Africans returning to the country from abroad. For those doing so, there are several important considerations to keep in mind from a tax perspective. Understanding the tax obligations and...
HMRC has issued an amendment for working out Top Slicing Relief on life insurance policy gains, this amendment is in effect from 11 March 2020. When a *chargeable event occurs, the whole gain will be taxed in the year of occurrence. This can lead to higher tax due had...
In a bid to support the hospitality sector HMRC has cut the VAT rate from 20% to 5%, the rate cut will take effect from 15 July 2020 to 12 January 2021. The reduced rate applies to the following industries: Hospitality Restaurants, cafés, and pubs can take advantage...
HMRC have introduced a temporary measure to make it easier for employees to remain productive while working at home. The exemption is applied on income tax and National Insurance Contributions (NICs) linked to the reimbursement of expenses and to the purchase of home...
There are no changes to the Student loan and or Postgraduate loan deductions process as a result of COVID-19, however it is important to remember that you will only make repayments to your student loan once you are earning over the repayment threshold. Each plan has a...
The coronavirus (COVID-19) pandemic is affecting everyone’s ability to move freely around the globe including to and from the UK. Many individuals carefully plan their days outside of the UK for residency purposes and are now concerned as to what impact an enforced...
From 6 April 2020, if you are a UK resident and dispose of a residential property, whether by gift or sale, in the United Kingdom you will have 30 days to report and pay any Capital Gains Tax owed to HMRC. Failure to do so within the 30 days will result in interest...
South Africa – Johannesburg
+27 87 551 0525
Let's discuss your needs with an expert, gain some valuable insights and see how we can help.
Click below to book your call with one of our consultants now!