Good evening Is a mechanism in place whereby a third party (Insurance company) can pay an individuals PAYE and NI directly to HMRC. Under the following circumstances. The insurer is paying out following an employment tribunal, the claimants award (Unfair dismissal) ... Continue Reading
I have been asked to complete a tax return for someone who was granted equity in March 2022 which vested in March 2025. He was UK resident throughout but was also resident in the Netherlands and Germany in 2022 - 6 months in each country. His employer has sent ... Continue Reading
Hello I am a partner in a limited partnership where the profits are released sporadically throughout the year. As you know, HMRC dictates that tax must be paid by individual partners on declared profits whether they have been received or not. At the end of January ... Continue Reading
Hi I am considering making a gift to my minor child in advance of Budget day. I have registered a bare trust. And the child has a savings account. Will a same day cash transfer from my bank account to the to the child's savings account be sufficient to effect ... Continue Reading
I held some dollars on a brokerage account to buy and sell shares and funds. I don't convert the dollar back to pounds between different transactions and may held dollar for a long period, as I plan to continue to invest on dollar base securities. I understand ... Continue Reading
Hi everyone, I am a non-dom UK resident and I am looking for some clarification on how Overseas Workday Relief (OWR) interacts with RSU vesting periods that span into the 4th tax year. My Situation: - I have been a UK tax resident for 3 full tax years. The current ... Continue Reading
Can anyone help clarify the following 1. Does a personal SIPP contribution (relief-at-source) extend the basic-rate income-tax band for the purpose of calculating the CGT rate applied to property gains? 2. If so, how should this extension be reflected in the ... Continue Reading
The context for this query is that I am a recently retired UK resident & citizen who had a USA 401(k) retirement plan (I worked for a US company for a few years in the noughties). In 2024, I decided to start taking distributions from this 401(k) plan. The ... Continue Reading
