The first Autumn Budget was delivered this week amidst immense pressure to deliver something ‘spectacular’ and with some deeming it to be a ‘make or break’ Budget for the Chancellor. Some of the announcements were expected, a number of new measures announced were rather surprising.
The Central Bank of Ireland has published the second Quarterly Bulletin for 2017. This insight bulletin examines recent trends in the domestic economy and provides the Irish Central Bank’s forecasts for the Irish economy and its views on domestic macroeconomic policy issues.
The budget statement for 2018 delivered by Ireland’s Minister for Finance, Mr. Paschal Donohoe is the third post-austerity budget in a row. The Irish economy is now enjoying robust economic growth with almost full employment.
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).
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.
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.
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.
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).
Please find our latest insight from our Dubai office regarding offshore companies in the United Arab Emirates – which is to provide an overview for foreign investors considering doing business in the United Arab Emirates
We are delighted to announce the opening of Animo Associates in Mauritius, lead by Jaysen Harree, who has over 30 years experience in the financial sector.
Animo opens new office in Dubai 26th September 2016
Animo expands with new offices in Mauritius 22nd May 2017
UK Government Autumn Statement – An Animo Insight 23rd November 2017
Irish Bulletin – Growth Forecast for 2017 and 2018 17th October 2017
The advantages of Cyprus International Trusts 21st June 2017