From 1 August 2022 overseas entities owning property in the UK must register on a new register of overseas entities (ROE) maintained by Companies House and will need to keep that register up to date. Provisions relating to the registration of dealings with land to or by an overseas entity in the UK’s land registers […]
At the end of last month (May 2022) The United States announced that it will be increasing its visa waiver fee from US$14 to US$21 with immediate effect. The Electronic System for Travel Authorisation (ESTA) was established in 2008 as an automated system to establish the eligibility of visitors to travel to the US using […]
What is a Situs Asset? Situs Assets are known generally as assets that are located for legal purposes. Forms of inheritance, such as shares or property, are included under this bracket and as such are subject to taxes faced by these. This has been the case since April 2017, when the UK Government decided that […]
Earlier last week, we saw the Bank of England raise interest rates back to pre-pandemic levels of 0.75, the third time since December the Bank’s Monetary Policy Committee (MPC) has increased the cost of borrowing, as they try to contain the UK’s inflation rate, which is looking to rise to 8%. Threadneedle Street’s monetary policy […]
In light of Russia’s invasion of Ukraine, on the 1st March 2022, the United Kingdom (UK) government has introduced new legislation. Through this new legislation, the UK National Crime Agency will now be able to prevent foreign owners from laundering their money in UK property in the hopes of preventing corrupt oligarchs from hiding […]
The UK Government has announced that for the second year consecutively the late penalty charge for Self-Assessment tax claims will be waived for one month. This news will sure to be welcomed by the estimated 5.7 million who have not yet filed their returns for 2020-2021. The official deadline for completing a return is 31 […]
With the rise of the new COVID variant, Omnicron, the Government has now put in place several schemes to support businesses in the hospitality and leisure sector during these challenging times. Support Grants Pubs and restaurants have begun to see a rise in cancellations and reduced footfall as the public responds to the rise in […]
Yesterday, 16th December 2021, the Bank of England raised inflation prices by 0.25%, ending a 20-month running streak of a historically low 0.1% rate. The Bank of England’s Monetary Policy Committee (MPC), which sets interest rates, voted 8-1 to increase the rate by 15 basis points to 0.25%. Rising inflation generally refers to the notion […]
When living or working in more than one country at a time, there is always a risk of being taxed twice. Double Taxation is the principle of referring to income taxes that are paid twice on the same source of income. This can occur at both corporate and personal levels and generally applies to certain […]
On the 12th of October 2021, Ireland’s Minister for Finance, Mr Paschal Donohoe, delivered the budget statement for 2022, with a total budgetary package of €4.7 billion – including measures to promote entrepreneurship as well as supporting growth and job creation, was announced during the statement. The Minister noted that this year’s budget will look […]
During his Spring Budget meeting Chancellor of the Exchequer, Rishi Sunak, confirmed that the Coronavirus Job Retention Scheme (CJRS), or more commonly known as Furlough, would run until today, the 30th of September 2021. The current version of the scheme is the third iteration of the scheme which was initially launched in March 2020 after […]
On the 23rd of September 2021, HM Revenue and Customs (HMRC) announced that the Making-Tax-Digital (MTD) scheme for income tax self-assessments (ITSA) will be introduced a year later than originally planned, with the roll out now scheduled for the tax year beginning in April 2024. The postponement is planned to provide additional time for preparation […]
Nearly six months from the introduction of a new IR35 regime in the private sector, HMRC has started IR35 compliance checks in both the financial services and the oil and gas sectors. With effect from April 2021, the new IR35 rules apply to large and medium-sized businesses in the private sector that engage contractors. These […]
Taking the leap and expanding internationally can be a daunting thought for many businesses, but it can also be the decision that makes or breaks your success. Expanding your international presence can bring a plethora of new and exciting opportunities to your business, but it is vital that you ensure your business is ready to […]
It has been just over one year since the discovery of the coronavirus Sars-CoV-2 by Chinese Scientists, the source of a new, lethal respiratory disease that has controlled and overwhelmed the everyday lives of populations worldwide. More than 1.5 million people have died globally as a result of the pandemic, events and holidays were firmly […]
Animo expands with new offices in Mauritius 22nd May 2017
Animo opens new office in Dubai 26th September 2016
What is next for the UK’s trust register? 26th April 2021
UK Government Autumn Statement 23rd November 2017
Irish Bulletin – Growth Forecast for 2017 and 2018 17th October 2017