Latest News from GTN

April increases for auto-enrolment rates

Contribution rates for workplace pensions increased on 6 April 2018, with more increases due in coming years.

Overseas companies owning or buying property in the UK must join public register from 2021

A register revealing owners of overseas companies buying property in the UK will be published by early 2021. The aim is to crack down on criminal gangs laundering money in the UK.

2018 UK Spring Statement Highlights

This newsletter provides a summary of the key points from the 2018 UK Spring Statement Budget, together with a link to our full article.

GTN awarded "Most Outstanding Mobility and Expatriate Tax Consultancy"

We are pleased to advise that GTN has been awarded "Most Outstanding Mobility and Expatriate Tax Consultancy" in the 2018 Global Excellence Awards.

Self-assessment deadline passes

More than 750,000 people left it until the last day to file their tax returns for 2016/17, including 30,348 who submitted in the final hour. A record 10.7 million taxpayers submitted their tax returns for 2016/17 by the 31 January deadline, but despite this around 745,000 self-assessment returns are still outstanding.

New Scottish and Welsh tax rates from April 2018

Scotland will have its own set of income tax rates and bands from April 2018. A new Land Transaction Tax (LTT) will also be introduced in Wales from 1 April 2018, marking new significant stages of tax devolution.

The buy-to-let Budget headline you didn’t see

The Autumn Budget contained more bad news for many buy-to-let investors which went largely unnoticed.

2017 UK Autumn Budget Highlights

This newsletter provides a summary of the key tax points from the 2017 Autumn Budget based on the documents released on 22nd November 2017. It is possible that changes will be made between now and the publication of the Finance Bill.We will keep you informed of any significant developments.

The Bitcoin and cryptocurrency tax conundrum

At the start of the year, one Bitcoin was worth just under $1,000, but the price has since peeked at nearly $8,000. Some other cryptocurrencies, of which there are now more than 1,200, have resulted in gains of a much higher magnitude for those investing in the currency’s initial coin offering (ICO).

Clock’s ticking on major changes to data laws – are you ready?

The way that businesses of all sizes deal with the data they hold is set to change profoundly in the next nine months when the European Union’s General Data Protection Regulation (GDPR) comes into force on 25 May 2018.

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