8 May 2020
COVID-19 US finally offers relief to individuals and businesses with employees stranded in US
Treasury and IRS issued guidance providing tax relief to both individuals and businesses affected by travel disruptions arising from the COVID-19 pandemic.
8 May 2020
UK/US treaty – demystifying the limitation on benefits article
The LoB test is so complex it is easy to ask the wrong question or take a wrong turn in the maze of its provisions, leading you to the wrong answer. In this article we seek to guide you through the maze which is the UK/US LoB!
8 May 2020
UK/US tax treaty for individuals – can I use it?
In this article we consider what – at first sight – is a straightforward question, but in reality is fraught with complexity.
8 May 2020
Qualified Small Business Stock – what you need to know
On Wednesday, May 20, Andersen will host a webcast on Qualified Small Business Stock (QSBS). The webcast will cover who is most likely to benefit from the QSBS exclusion, and how shareholders holding QSBS can optimise their potential tax savings.
29 Apr 2020
Richard Branson, Denmark and the tricky issue of government bailouts
Miles Dean, Head of International Tax, comments on Richard Branson and government bailouts, in Spear’s. Miles’ comments were published in Spear’s, 28 April 2020, and can be found here. “Virgin Atlantic is a British airline. 49% happens to be owned by the American airline Delta (who have said they will not bail Virgin out, as […]
27 Apr 2020
Is Virgin Atlantic’s claim for a bailout legitimate? – Miles Dean
Miles Dean, Head of International Tax, comments on the news that church leaders have said that tax dodgers should not have access to the government bailout, in International Accounting Bulletin. Miles’ comments were published in International Accounting Bulletin, 27 April 2020, and can be found here. “Following news that senior clergy including Rowan Williams, the […]
13 Apr 2020
COVID-19 Guide to global tax relief
This guide provides an overview of the response to COVID-19 by each country as it relates to tax relief and other provisions implemented by local governments. This guide includes information as it pertains to specific countries on general measures, corporate income tax measures, tax payments, tax reporting, and VAT in specific countries as provided by the member and collaborating firms of Andersen Global.
9 Apr 2020
COVID-19 – CARES Act, relief for US taxpayers
On 27th March 2020 President Trump enacted the largest package in the history of the United States. The $2 trillion CARES Act is aimed at helping US individuals and companies affected by the pandemic.
9 Apr 2020
Footballers and tax schemes – Miles Dean
Miles Dean, Head of International Tax, discusses the role tax schemes take in the football industry, in International Accountant Magazine. Miles’ article was published in the April 2020 issue of International Accountant Magazine, 9 April 2020, and can be found on page 16. A version of this article was also published in Taxation, 21 April […]
8 Apr 2020
COVID-19 – relief for those stuck in the UK or US due to lockdown
The rapid spread of COVID-19 over the past few weeks has meant that Governments around the world are imposing strict restrictions on the movement of people. We explore the reliefs are available for non-resident individuals that get stranded in the UK or US due to the lockdown.
7 Apr 2020
UK residential property – capital gains tax
From 6th April 2020, taxpayers are required to report and pay CGT on the sale of UK residential property within 30 days of disposal.
This is a major change in administration, particularly for UK resident individuals who since 1997 have been used to reporting and paying CGT on the disposal of UK residential property by 31st January following the end of the tax year, as part of their self-assessment tax return.
6 Apr 2020
UK and US personal income tax returns
Our London team specialise in advising individuals affected by both the UK and US tax systems. Furthermore, our team prepare both UK and US tax returns “in team”, and we make sure our clients’ taxes in both countries are fully coordinated.