• The introduction of VAT in the UAE

    Effective from 1st January 2018 the GCC have now signed Federal Law No. 7 for tax procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and clearly defining the role of the Federal Tax Authority (FTA).

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  • Making Tax Digital – Update July 2017

    The UK Budget 2015 introduced the Making Tax Digital (‘MTD’) initiative and outlined HMRC’s vision of transforming the UK tax system by executing it via a digitalised platform. Whilst intended to come into force in April 2018, there was widespread concern amongst business owners, professionals and governing bodies in respect of the pace and scale of changes being introduced.

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  • The Treasury recently announced the introduction of a second Finance Bill for 2017 to legislate for provisions which were dropped in the earlier bill in light of the UK General Election. It has provided a list of provisions deemed to take effect from the beginning of the current tax year, allowing advisers to provide taxpayers with some measure of certainty.

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  • An insight from the team at Animo Associates outlining the key benefits for international businesses of investing in Ireland, in light of the Brexit decision from June 2016. These include favourable tax, a growing economy and the fact that it is the only English speaking country in the Eurozone.

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  • The advantages of Cyprus International Trusts

    Please find our latest insight from our Cyprus office regarding the advantages of Cyprus International Trusts – a relationship created at the direction of an individual in which they transfer legal ownership of property (the Trust Assets/Funds) to one or more trustees (the Trustees) subject to certain duties to use and protect for the ultimate benefit of others (the beneficiaries).

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