Domicile and its impact on an individual’s tax position
Written by Tax Partner, Michaela Lamb The way you are taxed in the UK will be affected by not only your Residency status, but also where you are domiciled. What is domicile status? Domicile is a legal concept and whilst an individual can be a resident in more than one country at the same time, they can only […]
Basis period reform – Changes to how unincorporated businesses are assessed to income tax
Written by Tax Partner, Thomas Adcock If you are self-employed, or work together with others in partnership, you maybe be affected by new rules which came into effect on 6th April 2023. These rules will not affect you if your accounting year end is either 31st March or 1st – 5th April, as such year […]