What happens if you withdraw valuable euros now? Back on 5 April 2012 the law said that you had to pay capital gains tax on the foreign exchange gains in bank accounts. Thankfully, the following day new rules came in which exempted gains (and losses) on bank accounts holding foreign currency.

Capital gains tax on foreign exchange gains and losses for individuals

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Updated on 17th December 2019

Categories:

• Individuals & Families
• Personal Tax

According to research, over a third of Irish companies are looking to expand in the UK throughout 2019-2024. Recently of course, much of that has been driven by Brexit as more Irish companies are looking for a UK resident presence. 

10 things to consider for Irish businesses coming to the UK

Graeme Bursack - Partner - gbursack@goodmanjones.com

Updated on 29th November 2019

Categories:

• International

Businesses which employ intermediaries should review the supply chain and analyse the extent that payments to the intermediaries need to attract PAYE and National Insurance. They should be doing that review now to ensure that all details required to operate payroll.

Is your business ready for the 2020 off-payroll working regulations?

Graeme Blair - Partner - gblair@goodmanjones.com

Updated on 17th December 2019

Categories:

• Business Tax
• UK Business & Entrepreneurs

Congratulations to Graeme Bursack

Graeme Bursack Appointed International Chairman of GMNI

Goodman Jones - info@goodmanjones.com

Updated on 2nd November 2019

Categories:

• International
• News

This case emphasises the importance of having an up-to-date will that leaves precise instruction for the division of assets.

Unintended and expensive consequences of not having an up-to-date will

Janet Pilborough-Skinner - Partner - jpilborough-skinner@goodmanjones.com

Updated on 31st October 2019

Categories:

• Individuals & Families

HMRC have told us that employers should not wait to receive confirmation of their PSA calculations. Instead, you should pay over the tax and NIC liability that you have calculated using the usual payment methods.

Where’s my PAYE settlement agreement letter?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Updated on 17th December 2019

Categories:

• Business Tax
• News

It’s important to understand the new rules, and their implications for your portfolio strategies. And it’s vital that your ownership structures take account of the risks, while being as tax efficient as possible.

Foreign ownership of UK property: What do the new rules mean for your investment structures?

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 17th December 2019

Categories:

• Business Tax
• Personal Tax
• Property & Construction

I believe the key impact to be possibly one of cash-flow, rather than tweaks to accounting systems and administrative processes, the extension can help businesses have a bit more certainty on their own cash positions.

Construction Industry and the VAT Reverse Charge – Is this a welcome extension of time?

Cetin Suleyman - Managing Partner - csuleyman@goodmanjones.com

Updated on 17th December 2019

Categories:

• Business Tax
• Property & Construction

As we enter a period of uncertainty, reviewing the business’ exposure to currency volatility will help assess the impact of adverse swings in exchange rates on cashflow and margin.

How to manage your business’ exposure to currency fluctuations

James Hallett - Senior Manager - jhallett@goodmanjones.com

Updated on 6th August 2019

Categories:

• International
• UK Business & Entrepreneurs

There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

What is the Report into simplifying Inheritance Tax (IHT) from the Office of Tax Simplification (OTS) and what should you do?

Hazel Johnson - Tax Director - hjohnson@goodmanjones.com

Updated on 17th December 2019

Categories:

• Individuals & Families
• Personal Tax