• Autumn Statement 2022

    OpenRead Animo's Summary of the Autumn Statement 2022 Autumn Statement 2022 On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to [...]

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  • UK Register of Overseas Entities

    The UK’s Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA) came into force on 1 August 2022 and has important implications for beneficial owners and operators of overseas companies which are registered owners of land in the UK.  The purpose of this note is to summarise those implications and to remind interested persons to seek [...]

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  • Reversal on Mini Budget 2022 Announcement

    OpenRead Animo's Reversal on Mini Budget 2022 Summary Chancellor brings forward further medium-term fiscal plan measures As the saying goes, a week is a long time in politics. However, recent events have been unprecedented. At the Mini Budget a new Prime Minister and Chancellor launched a new agenda, ‘The Growth Plan’. Three weeks later, after [...]

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  • Irish Budget 2023 Announcement

    OpenRead Animo's Irish Budget 2023 Summary The Irish budget statement for 2023 was delivered by Ireland’s Minister for Finance, Mr. Paschal Donohoe. The Minister noted that the budget must be, a “Cost of Living Budget”, focused on helping individuals, families, and businesses to deal with rising prices. It was delivered against a volatile global backdrop [...]

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  • Mini Budget 2022 Announcement

    OpenRead Animo's Mini Budget 2022 Summary Chancellor reveals his plan for growth The week leading up to Chancellor Kwasi Kwarteng’s ‘Mini Budget’ may have been a short one due to the Queen’s funeral but the new government managed to fill it with a stream of policy announcements. Before Mr Kwarteng stood up to make his [...]

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  • UAE announce Corporate Tax

    The United Arab Emirates announced on Monday, 31st January 2022, that for the first time ever they will be introducing a federal Corporate Tax on business profits. Businesses based in the UAE will now, therefore, be subject to the tax from 1st June 2023. The news represents a significant shift for a country that’s long […]

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  • Interest Rates raised to 0.25%

    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 […]

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  • What should you be aware of following the Autumn Budget?

    DownloadDownload our illustration of the impact of the new tax rates for profit extraction Following the Budget announcements from last month, there have been several changes to come into effect for national insurance and dividend tax rates which could affect many tax positions from the tax year 2022/23. Dividends for 2022/23 Dividend tax increases were [...]

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  • Autumn Budget Announcement 2021

    OpenRead Animo's Autumn 2021 Budget Summary On Wednesday 27th October 2021, Chancellor Rishi Sunak presented his third Budget announcement, detailing plans to “build back better” with ambitions to level up and reduce regional inequality. A lot of the budget was focused again on rebuilding after the Pandemic, with Chancellor Rishi Sunak stating that we cannot [...]

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  • 2022 Irish Budget Statement

    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 […]

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  • Furlough comes to an end

    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 […]

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  • HMRC postpones Making-Tax-Digital for Income Tax until 2024

    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 […]

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  • HMRC begins compliance checks in line with new IR35 rules

    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 […]

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  • Animo is looking for a new IT Infrastructure Technician

    Animo Associates, a rapidly growing Corporate Services provider, are looking to employ an enthusiastic and ambitious individual to work within our IT department.  This is an outstanding opportunity for an experienced IT Infrastructure Technician with the proven skills and knowledge to join our team. Job description: Job Title: IT Infrastructure Technician Salary: £20,000 to £25,000 […]

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  • Should my company expand internationally?

    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 […]

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  • Why should your business outsource services to Mauritius?

    Outsourcing has become an industry standard across many services, elevating the stresses on key members within organisations and ensuring that business operations across the board are compliant with industry standards. Mauritius has already established itself as a leading International Financial Centre and now it is also developing itself as a preferred destination for the outsourcing [...]

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  • Do we need a Digital Euro?

    Many are unaware that when you open up your online banking app, the number displayed is what is owed to you from the bank, but it is still legal property of the bank. Only the physical notes and coins that you withdraw from your account and hold on your person, technically belong to you and […]

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  • What do we know about the UK’s financial future following the Chancellor’s Mansion House Speech?

    Earlier last week (1st July 2021) Chancellor of the Exchequer, Rishi Sunak, gave his first speech at Mansion House, to an audience of young and aspiring leaders in Financial Services. During his speech, he outlined his roadmap to “ensuring UK financial services remain competitive now that the UK has officially left the European Union”. His […]

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  • FSC revises rules on Special Purpose Funds in Mauritius

    Over the years, Mauritius has secured its standing as a reputable International Financial Centre of Excellence and has become the new go-to hub for the setup of various Fund Structures by many international Investors, Private Equity firms, Hedge Fund, Asset and Wealth Managers. It also boasts an attractive location, making it the ideal gateway into [...]

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