Knowledge Base.

British VISA and HMRC UK tax rates for Spanish ex-pats UK tax rates for Spanish ex-pats depend on whether you are classed as ‘resident’ in the UK for tax. If you’re not a UK resident, you will not have to pay UK tax on your foreign income. If you are a UK resident, you will […]

Stamp Duty Land Tax (SDLT) is a charge that applies when purchasing land. You can buy a movable building but not pay SDLT. It is the land, not the building that will cost you SDLT. SDLT needs to be paid to HMRC within 14 days of the purchase. Most conveyance solicitors will want you to […]

How much tax does a landlord pay? The amount of tax a landlord pays is subject to their total taxable income. If a landlord pays the basic tax rate, this is 20%, while in a higher rate taxpayer, the landlord will pay 40%. The additional rate bracket will mean a landlord pays 45% tax. There […]

On 27th October 2021 Rishi Sunak delivered the latest budget. Rishi Sunak delivered the tax budget and there was a lot to address, especially in the face of COVID19 and the financial pressures that the disease has brought to the United Kingdom The key highlights of the budget are as follows: – £5 billion will […]

As experienced tax accountants, we are regularly asked about the ‘UK and Hong Kong Tax Treaty‘. We will look to answer the below questions in this Article. “Are you a Hong Konger paying too much tax in the UK?” “Should I speak to a British accountant before moving to the UK?” “What are the basics […]

Why do you need a contract of employment? So, why do you need a contract of employment?  If you are employing staff, you will hopefully know that you need to issue your employees with a contract of employment. Now firstly let’s get our terminology right here. The Employment Rights Act 1996 (ERA) requires us to […]

The frequently asked questions about US and UK tax treaties “What are the basics of US and UK tax treaties?” “Why do US and UK tax treaties exist?” “What are the benefits of US and UK tax treaties?” “What are the main treaties?” “How do I avoid double taxation in the US and UK?” “What […]

The frequently asked questions about Americans living and paying tax in the UK As tax accountants, we are regularly asked about Americans living and paying tax in the UK. We will look to answer the below questions in this Article. “Are you an American paying too much tax in the UK?” “Why do Americans pay […]