By Lynette Chaudhary, Tax Director, Sovereign Trust (Gibraltar) Limited The new legislation (UK Finance Act 2025) which came into effect on the 6th April, is radically overhauling and modernising the UK’s tax system, significantly impacting the UK tax position for…
By Thomas Ramagge, Deloitte Limited On the 6th March, as part of the Spring 2024 Budget, the UK Chancellor of the Exchequer Jeremy Hunt announced that the UK will abolish the non-domicile (non-dom) system of taxation for individuals and replace…
By Jon Dee, Partner, IBDO LLP ISA (UK) 315 (revised July 2020) – Identifying and Assessing the Risks of Material Misstatement -came into force for accounting periods beginning on or after 15 December 2021. Heads of Internal Audit will have…
Darren Anton, Tax Director, KPMG Gibraltar, explains the latest changes and the potential significance for trustees in Gibraltar Changes to the Trust Registration Service (TRS) scheme by HMRC mean that, subject to limited exceptions, all existing UK trusts and some…
Taxation in a digitalised economy Taxation in a digitalised economy In the second of their two part article, Gavin Gafan, Senior Tax Manager and Vickram Khatwani, Tax Director, Deloitte, focus on the proposals of the OECD’s Pillar Two…
Tax developments in the digital economy By Gavin Gafan, Senior Tax Manager and Vickram Khatwani, Associate DirectorTax, Deloitte Limited In 2019 Gibraltar joined the Organisation for Economic Cooperation and Development (OECD) Inclusive Framework (the ‘Inclusive Framework’) on Base…
The changing UK tax landscape By Lynette Chaudhary, Tax & Research Director, STM Fiscalis Many non-UK residents own UK property. For Gibraltar residents this is often a result of retaining a previous UK residence or having built up…
Cross-border tax arrangements DAC6 By Donna Barratt (GI), Senior Associate, PwC The EU Council Directive 2011/16 (as amended by EU Council Directive 2018/822) in relation to cross-border tax arrangements, known as DAC6, has been in force since 25…
Enhanced Tax Transparency in the European Union By Gavin Gafan Senior Manager, Tax, Deloitte Limited It is evident that EU Member States (and indeed authorities at a global level) are improving how they communicate with each other on…
Regime change for non-UK resident owners of UK land or property By Lynette Chaudhary, International Tax & Research Director, STM Fiscalis Ltd The changes to extend the UK’s grip on the taxation of UK land and immovable…
