Download Mercer & Hole’s summer edition of Tax Plus
Date: Wednesday 25th July, 2012
Author: Helen Price
Profile: Helen Price
In this Summer edition of Tax Plus, we are delighted to bring you a selection of topical tax issues.
Since our March 2012 Budget Special edition, we have seen further details from the government on pre-announced measures due to come into effect from April 2013. The most controversial of these is the plan to tax ownership of residential properties held within certain structures and we have prepared an article on this to explore the implications for you in greater detail.
We also have articles on other government announcements in relation to placing additional PAYE obligations on certain companies and resurrecting the Statutory Residence Test. We are conscious that banks and investment houses in Switzerland have been writing to all of their clients to ask them for a decision on what to do ahead of the UK Swiss tax agreement coming into force next year. You, or someone you know, may have had such a letter. The real surprise for many is that if no action is taken, then a lump sum levy of up to 41% of the funds will be deducted. If you have had a letter, please do get in touch as we can help to guide you through the options.
We hope you enjoy this Summer edition of Tax Plus and if there is anything we can help you with, please get in touch with your usual Mercer & Hole contact.
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.