Tagged tax

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Countdown to VAT in the UAE

VAT on supplies and imports will be introduced in the UAE with effect from 1 January 2018 at a standard rate of 5%. Businesses with taxable supplies and imports exceeding AED375k (approx. US$100k) are required to register for VAT. The deadlines for registration have been staged as follows: High-turnover businesses…

New lifetime cap makes Employee Shareholder Status less attractive for senior managers

A summary of recent developments concerning Employee Shareholder Status, Capital Gains Tax rates and Entrepreneurs’ Relief. Employee Shareholder Status (ESS) The ESS regime was introduced by the Government in 2013.  Under the regime, each participating employee receives at least £2,000 worth of shares in their employer (or a parent company…