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UK TAX SCHEME
UK to reimburse visa costs for firms bringing in overseas workersBritain is now reimbursing visa fees for fast-growing tech and innovation companies hiring international talent. This initiative, targeting...- Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
- Russian spies are aggressively seeking Western technology as sanctions bite, officials sayRussia's intelligence agencies are aggressively seeking Western technology and defense secrets to bolster its war economy, employing fake c...
- India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind VirmaniIndia must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani e...
- Garment exporters see demand recovering as US tariff pressures easeIndian garment exporters expect a strong business rebound in the second half of the fiscal year. Easing US tariff pressures are bringing bu...
- UK's Britannia Card: All about Nigel Farage's plans to charge rich expats £250,000 to give to the poorReform UK has proposed the "Britannia Card," offering wealthy foreigners and returning Britons a 10-year residence permit with tax benefits...
- H-1B holders see a glimmer of hope in UK's social security payouts dealThe UK-India free trade agreement exempts Indian professionals in the UK from National Insurance contributions for up to three years. This ...
- UK’s carbon tax may impact $775 mn worth of Indian goodsFor the EU, the tax range is 20-35%. Both the UK and the EU have implemented emissions trading systems (ETS) to cap and reduce greenhouse g...
- Huge boost for self employed as major Tax reform announced by Kwasi Kwarteng in mini Budget. Details hereChancellor of the Exchequer Kwasi Kwarteng has reversed the decision to increase the National Insurance rate by 1.25 per cent and also slas...
- UK opposition questions tax status of Narayana Murthy’s daughter“Akshata Murty is a citizen of India, the country of her birth and parent's home,” the spokesperson said. “India does not allow its citizen...
- COVID-19: Rishi Sunak unveils 'Bounce Back Loan Scheme' for UK's small businessesThe UK Chancellor of the Exchequer told the House of Commons that the new fast-track finance scheme, to open from next Monday, would help b...
- EU launches probe into UK tax scheme for multinationalsThe announcement of the investigation comes as London and Brussels are mired in slow-moving negotiations over Britain's departure from the ...
- Tax dispute scheme gets tepid response, garners Rs 1,200 croreThe scheme provided for waiver of interest and penalty for retro tax cases only if the company in question withdraws all appeals against th...
- India-bound UK NRIs invest big in transferable pensionsThe scheme, popularly known as Qrops, has been approved by Her Majesty’s Revenues and Customs, the body in the UK that collects and adminis...
- One British recruitment firm is allegedly suggesting that workers create companies to get big tax breaksUK-based Anderson Group is allegedly telling workers how they can aggressively avoid tax by creating hundreds of tiny firms.
- G7 nations agree to target tax evasion and avoidanceUK chancellor George Osborne said it was "incredibly important" that firms and individuals paid the tax they owed.
- Barclays in tax row over avoiding paying millions of pounds in a deal with AccentureBarclays bank has now been embroiled in a tax row that allegedly involved avoiding paying mns of pounds in tax in a deal with Accenture.
- White Paper on black money against tax immunity schemesThe White Paper on black money today virtually ruled out the possibility of a voluntary disclosure or gold deposit tax immunity schemes to ...
- UK did an India in 2008 to levy retro tax on offshore deals like VodafoneThe UK has done what India proposes to do - a retrospective amendment to the Income Tax Act to levy capital gains tax on offshore deals lik...
- RBS suffers historic loss, gets record bailoutRoyal Bank of Scotland (RBS) announced UK’s biggest ever loss by any company, of £24.1billion, even as it also announced that the UK govern...
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