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25-08-2021 Claudia
Freeports – coming soon to the UK

New opportunities for overseas companies Are you a non-UK company thinking of setting up in the UK? Then now is the perfect time to set the ball in motion. As part of its post-Brexit plans for boosting the UK economy and creating thousands of jobs, the British government is establishing at least 7 new Freeports […]

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13-08-2021 Claudia
Questions that need to be answered for the Sponsor Licence

What are the questions need to answer for the Sponsor Licence? Find below the questions (verbatim) that need to be answered in the first stage of the Sponsor Licence request:  Why are you applying for a sponsor licence?  What sector you operate in?  What are your opening/operating hours?  You must provide an up-to-date hierarchy chart detailing any owner, directors and board […]

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12-08-2021 Claudia
How to hire overseas workers post Brexit

Overview   Brexit came into force on 1 January 2021. From this date employers wanting to recruit from outside of the UK need to follow the new immigration system. In most cases, this means that the employee will need a Skilled Worker Visa. To get this the employee needs to:  have a job offer from a licenced sponsor  be applying for a […]

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12-08-2021 Claudia
5 Brexit changes

Overview Brexit came into force from 1 January 2021. In this note we remind you of five big Brexit changes. 1. Deadline for settled and pre-settled status has passed If you are an EU citizen, but you have already got the ‘Indefinite leave to remain’ or the ‘Indefinite leave to enter’, you have the right to continue to live, work and study in the United Kingdom after […]

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26-07-2021 Claudia
Penalties and fines for undisclosed foreign income

Overview If you are resident in the UK and you get foreign income or capital gains you must declare them on your UK tax return. This applies even if you never bring the income or gain into the UK.  Penalties can be up to 200% of unpaid tax and HMRC can ask you to go […]

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26-07-2021 Claudia
31 July Tax Payment – What happens if your late?

Overview  If you are late in paying your income tax payment on account, due 31/07/2021 – don’t worry. There’s no penalty or fine – instead, normally, HMRC only charge you interest at 2.6%.  Tax returns for individuals  If your reading this, its probably because you have completed your tax return and your 31st July Income […]

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