The COVID-19 pandemic and consequent restrictions continue to resonate to varying degrees amongst the sector and our not-for-profit clients. Be it a struggle to attract the same level of footfall, a slower than expected return to fundraising activities or the inability to operate at the same capacity – every organisation has felt its sting.
While the tech deals market remained active throughout the pandemic, making the most of business that could be done virtually, there are even more opportunities for investment as restrictions ease and the world opens up again.
Newsflash – tax domicile is the new “news”…
I suspect that all UK taxpayers, will have recently been interested to learn about how an individual’s domicile position, can significantly affect how much tax they pay in the UK. I am of course. referring to the headline news generated about Rishi Sunak’s wife Akshata Murthy, after she confirmed she has been claiming non UK domicile tax status, allowing her to shelter some or all of her overseas income and gains from the UK tax charge.
The 2021/22 tax year ended on 5 April 2022 and taxpayers within the Self-Assessment system will have recently received a 'notice to file’ letter from HMRC.
HMRC have introduced new legislation on Uncertain Tax Treatments (UTT) for large businesses. The legislation is now in force, with effect from 1 April 2022.