Author: Dave Beattie  The National Treasury, alongside the South African Revenue Service (SARS), is set to make some changes and clarifications to the original proposals on introducing the ‘two pot’ retirement system. In essence, this system seeks to strike a balance between two problems, maximizing retirement savings by minimizing early withdrawals and allowing for early…

The annual National Budget Speech was held on the 22nd February 2023, in which, South African Finance Minister, Enoch Godongwana, discussed the state of the country’s economy, including growth estimates, taxation proposals and social wages. He particularly focused on the ongoing energy crisis and its impact upon the South African economy and undeniably, it can…

Author: Gina Christodoulou Contractors in the UK who use limited companies are not always aware of the IR35 risk they face when choosing to contract to one end client. We have written a number of articles about IR35 risk. In this article we outline some tips to reduce your IR35 risk and we look at…

Author: Gina Christodoulou The Chancellor made his annual Spring Statement speech on 23rd March 2022 where he set out the Government’s tax plan to support the UK economy, businesses, and families in both the short and the medium term. Key measures the Chancellor announced as part of the plan include: National Insurance Primary Threshold increased…

Stamp duty land tax (SDLT) reduced rates will apply for residential properties for a limited period stipulated by HMRC.

Landlords who rent out property in the UK but spend more than six months of the tax year living overseas must ensure they, their tenants, letting agent or tenant finders join the Non-Resident Landlord Scheme. It’s not optional.