10/31/2024
For millions of middle-income earners, this means paying a higher proportion of their income in tax without seeing any real increase in their purchasing power.
10/31/2024
There is legitimate concern that these policies are a fast track to a brain drain, with high-net-worth individuals, entrepreneurs, and top talent now actively exploring relocation to more tax-friendly jurisdictions.
10/31/2024
As the dust settles on the Budget 2024, advisers from the Spear’s network give their insights into the impact the government's tax policies will have on Britain's HNWs and entrepreneurs
10/31/2024
Rachel Reeves, Chancellor of the Exchequer, outlined her Budget today which may contain various tax rises for UK residents which Canaccord say has been causing concern for their wealthy clients.
10/31/2024
The government’s Budget measures are predicted by the independent Office for Budget Responsibility to generate nearly £40 billion ($52 billion) in additional revenue in the 2025/26 tax year.
10/30/2024
With the Budget set to hit wealth creators, high net worth individuals and non doms, there are concerns the Chancellor could be eyeing up an exit tax
10/29/2024
In February 2021, Mr Käärmann paid a significant fine to HM Revenue & Customs (HMRC) of £365,651.
10/28/2024
Ahead of Rachel Reeves' 30 October Budget, experts from the Spear's network share their insights into the likely impact of these potential tax changes on the UK’s high-net-worth community
10/25/2024
While this quarter has seen a slight decrease in overpayments compared to the last, it underscores the ongoing complexity and inefficiencies in the system when it comes to flexible pension withdrawals.
10/25/2024
16% of individuals are not reporting and paying the correct tax
10/25/2024
HMRC now has access to much more international data than ever before
10/24/2024
Four outstanding Black heritage entrepreneurs chosen from over 150 applications
10/24/2024
HMRC also confirmed that it will update the guidance included in the Pensions Tax Manual at PTM145200 with examples to reflect this.
10/23/2024
The creation of a new tax depends on how bold Reeves is and how much of the “black hole” is left to fill.
10/22/2024
This period of uncertainty has understandably led many clients to adopt a “wait and see” approach as they await the outcome of the upcoming Budget.
10/22/2024
For those with a combination of state and private pensions, the hit will be felt even sooner, eroding their incomes at a time when financial security is crucial.
10/22/2024
Ultra-wealthy individuals might move abroad if the tax system in the UK becomes too burdensome
10/21/2024
Yet more reports are now suggesting that the government is planning to increase the amount of money it raises in inheritance tax
10/18/2024
The UK-wide survey of 500 business owners with turnovers of £5m upwards reveals that nearly half (48%) would consider moving their businesses abroad if tax changes on October 30th were clearly unfavourable.
10/17/2024
Without a delay before implementation, higher CGT rates might encourage individuals to hold onto their assets longer