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 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 […]
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 […]
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 […]
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 […]
On Wednesday 4th of August 2021, UK Ministers announced changes to the NHS Track and Trace app following the ‘pingdemic’, where many of the UK public were forced into isolation after being notified by the NHS Track and Trace App. This was causing distress across several industries, particularly those in the hospitality sector where many […]
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 […]
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 […]
On Global Wind Day (15 June) the UK Export Finance signed a memorandum of understanding (MoU) with ORE Catapult that will help bring global trading opportunities to UK suppliers and propel UK renewable exports. The UK currently holds the status of the world’s largest offshore wind market, generating 10.4GW of total installed capacity. The UK […]
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 […]
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