IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Graham Parrott of Fitzroy Tax Services. Graham has joined IR as our exclusive Tax (Private Client), Tax (Law) & Tax (Accountants) Member in the Channel Islands. Graham has been a tax advisor in the UK, Australia and Guernsey for more than 30 years, […]
We are in unprecedented times. As the outbreak takes hold in the UK we, in the business world, are left wondering how best to insulate our businesses against the impacts of the virus. The news and advice is changing daily, if not hourly. The breadth and depth of the impact of the virus means that […]
UOMI Calculation Basis Changed Introduced in 1997, the setting process for calculating the Commissioners paying rate of UOMI, has remained basically unchanged for the past 23 years – the Reserve Bank of NZ 90-day bill rate less 1%. In these current troubled times however, with the official cash rate potentially set to continue its downward […]
This afternoon the newly-appointed Chancellor, Rishi Sunak, took to the stand to deliver the 2020 Budget. Less than a month into the job, at the centre of a global health crisis, the plans for Brexit not exactly firmed up and pressure from number 10, Mr Sunak had his work cut out. Chris Downing, Director at South Coast accountancy firm, […]
IR Modernisation sees further changes from 1 April Most of you will be aware of IR’s change of system, from FIRST to START around this time last year. START has brought with it many new bells and whistles, both for the benefit of IR and the taxpayer alike. April 1st this year will see the […]
Feedback sought on GST proposals IR’s Policy & Strategy have released an issues paper, seeking public feedback on various GST policy issues, where it has been identified that the present legislation produces an outcome that does not reflect the underlying policy intent. The areas of focus include: Tax invoice requirements – removing some of the […]
Wissam Abousleiman of Abousleiman & Co recently met with Martinos Typographos of I. M. Typographos & Co LLC and Leonidas Michaelides of SPL Audit (Cyprus) Limited in Cyprus. Wissam had the following to say about the meeting: “Great time last week in Cyprus with promising news of new projects to come! Icing on the cake was I had the pleasure […]
NGOs includes organizations, institutions and companies engaged in ecclesiastical, charitable, benevolent or educational ac-tivities of a public character. They are non – governmental and non-profit making organisations. Many countries including Nigeria have recognized the significant role being played by these organizations in building a strong, caring and well-functioning society as well as in contributing to […]
Introduction Of The ‘Amazon Tax’ 1st December 2019 was the commencement date for our Government’s latest tinkering to the GST legislation – which has commonly been referred to as the ‘Amazon Tax’. Given this nickname due to the New Zealand consumers’ prolific love of internet shopping and the ease at which goods can be acquired […]
IR advises relief for affected parties The week past saw the release of a number of communications from IR, offering relief to parties affected by certain current events, both local and international. Firstly IR has recognised the potential effects of the Coronavirus COVID-19 on local businesses and has advised that tax relief and income assistance […]
Are you on time? IR has now finalised its draft standard practice statement in relation to when tax payments will be treated as having been received in time. SPS 20/01 is effective from 5th February 2020, and replaces the previous SPS 19/01. A few points to remember: You can pay by credit card, but it […]
In this issue: Finance Act 2020 as it relates to: Company Income TaxPersonal Income TaxValue Added TaxCustom & ExciseCapital Gain TaxPetroleum Profit TaxStamp Duties Finance Act 2020 The finance Bill 2019 was signed to law on 13th January, 2020 by the president Muhammadu Buhari.The law is set to reform the tax regime by amending several […]