Treasury is shifting its gaze to South Africans working in tax havens for more than 183 days a year to skip out on paying tax back home, and folks are a little worried.
Entrepreneurs’ Relief reduces the rate of CGT to 10% on the first £10 million of gains on the disposal of qualifying business assets.
Where an individual is resident but not domiciled in the UK there are special rules that apply to that person’s overseas income and capital gains. Only UK assets are charged to inheritance tax. The government has been consulting on possible changes to the rules from 6 April 2017.
These are the tax table adjustments for those of us who don’t fall in the super rich income bracket.
HMRC’s High Net Worth Unit (HNWU) is a specialist division that was established in 2009 to deal with taxpayers who have wealth in excess of £20 million. The threshold changed to £10 million during 2016-17.
Are you ready for tax zen?
The Common Reporting Standard (CRS) was developed by the OECD (Organisation for Economic Co-operation and Development) and provides a global standard for the automatic exchange of information relevant to tax between different tax jurisdictions. South Africa also agreed to comply with the CRS as from 2017.
That’s right. At 2pm this afternoon finance minister Pravin Gordhan will kick off this year’s budget speech and the money’s going to have to come from somewhere…
The poor guy just can’t catch a break.
South African expats and South Africans working abroad on a temporary basis are often unsure about whether they need to submit a tax return in South Africa.
Government employees are literally becoming overnight millionaires, and we’re paying for it.
Ciggies, whiskey, wine and most importantly petrol is going back up folks. Oh and even though there’s not enough to go around, you’ll be paying more for electricity too.
If you import or export goods from or to outside the EU, you or your agent should now be aware of upcoming changes to the way you make customs declarations.