Strategic talent management: understanding the 9-Box Grid model to identify potential and unlock performance
A deep dive into the 9-Box Grid model for business leaders In the ever-evolving landscape of business leadership, the effective management of talent has become a cornerstone for organisational success. Among the myriad tools available, the 9-Box Grid model stands out as a nuanced approach to optimising employee performance, potential and strategising accordingly. In this…
READ MOREAre you prepared for the major employment law developments this year?
The following changes came into force on 1 January 2024 and will begin to apply to employers at various points throughout 2024. These are largely positive for employers, reducing some more onerous burdens and fixing some of the issues which emerged as a result of case law in recent years: Working time record keeping The…
READ MORE在英国开展业务:国际企业应了解的英国税制变革情况
您是否正在申请英国个体经营者或合伙企业利润在国外的税收抵免?如果您正在进行该申请,则您需要了解英国税收变革情况以及这些变革对您的国际业务可能造成的影响。 具体变革及生效时间 从2024年4月6日起,无论您的会计年度何时结束,英国都将对非法人经营实体在每个纳税年度(4月6日至次年4月5日)所产生的利润进行征税。以3月31日(或4月5日)为年度结算日的企业不会受到这一变革的影响。从英国的税务角度来看,被视为公司的实体(可能包括以任何时间作为会计年度结算日的美国有限责任公司),同样不会受到影响。这被称为基期改革。 什么是基期改革? 新制度将取代当前的申报基准,即根据在纳税年度结束时的会计期间利润计算在英国的纳税义务。基期改革有效地切断了企业所选会计日期与其在英利润征税时间之间的联系。 这些变革如何执行? 为了过渡,2023/24年度的英国个人纳税申报表将涵盖纳税年度内结束的会计期间以及截至2024年4月5日的剩余期间,例如,截至2023年12月31日结束的年度需要再加上2024年1月1日至2024年4月5日(或2024年3月31日)期间。尽管重叠利润可获得减免,但此处不涉及。 对国际纳税人的影响 在新制度下,国际非法人经营实体将面临挑战。同时,在海外提交纳税申报表的纳税人可能会发现,将其年度结算日改为3月31日,这在商业上是不切实际的。他们将需要对两个会计期间的业务利润进行分摊和估算,以得出英国应税利润的金额,然后在得出最终数字后的下一年度重新提交修改后的英国纳税申报表。这很可能会导致额外的行政和合规成本负担。如果最终应纳税额高于提交的暂估值,英国税务海关总署还将对未付税款收取逾期利息。 国外税收抵免 您必须在2025年1月31日前向英国税务总署提交2023/24年度的英国个人纳税申报表,您可能需要准确估算应缴税款,并在2024年12月31日前支付此税款,以便与国外税收抵免保持一致。在新制度下,英国为减轻提前缴纳税款的负担提供相应选项,即费用会分摊到五年或更短的时间内。然而,这可能不利于外国纳税人,因为这可能会在申请双重税收减免时产生时间差异,这一点应该纳入您的国际税收规划中。 下一步 在英国经营的国际非法人经营实体应仔细考虑基期改革的影响,以及这一改革如何影响其现金流和运营架构。您可以向我们的MKS税务顾问寻求税务健康检查事宜,以帮助您提前做好应对变革的规划。 有关基期改革的更多详情,请阅读基期改革。
READ MOREESG regulatory outlook 2024
2024 will see the introduction of new, and amendments to existing, ESG regulation. If you would like to discuss how you can make sure your organisation is compliant, please contact us. The UK’s Climate-Related Financial Disclosure Regulations Through 2024, an increasing number of companies and LLPs will be required to report under the Climate-Related Financial…
READ MOREMedia Outlook Survey 2024
The media industry has weathered the storm of the past few years with political upheavals, economic uncertainties, and technological disruptions, which has truly tested the resilience of the industry. With an improving economic outlook, generally the sentiment for 2024 at the start of the year was one of optimism, however, whilst some businesses have seen…
READ MORESalaried Member Rules for LLPs – significant change in HMRC guidance
The Salaried Member Rules were introduced in 2014 with the aim of ensuring that members of LLPs who provide their services on terms more like those of employees than of partners in a partnership are treated as if they were employees for tax purposes. The rules contain a Targeted Anti-Avoidance Rule (“TAAR”) under which certain…
READ MOREEmbedding sustainability into your food and drink manufacturing strategy
According to the latest report by WRAP, the climate action NGO working globally to tackle the causes of the climate crisis, an estimated 10.7 million tonnes of food was wasted across the UK in 2021. Of that, 1.4 million tonnes (13%) arose from manufacturing processes, with a hefty associated price tag of 3.9 million tonnes…
READ MOREWhat does the Spring Budget 2024 mean for the manufacturing sector?
The Chancellor’s budget focused on long-term investment intentions for the manufacturing sector. These include backing the UK’s high-growth industries by making £4.5 billion available for strategic manufacturing sectors over five years to 2030 and boosting local growth through the investment zones programme. This Spring Budget builds on measures taken in Spring Budget 2023, all pointing towards…
READ MOREAn overview of Trust Registration Service (TRS)
The Trust Registration Service (TRS) was introduced in 2017 with the aim of providing trustees and personal representatives with a simpler means to comply with HMRC’s disclosure and registration obligations. In practice, complying with the TRS can create an additional administrative burden, and those affected should be aware of the requirements. Do I need to…
READ MOREUnlocking opportunity: private equity’s attraction to the IT sector
Despite the challenges that rising interest rates have imposed on M&A activity generally, the IT sector has seen a high level of transactions in 2023. As our quarterly reports on M&A in the sector show, it is private equity investment that is driving much of the activity in the IT sector, with over 65% of…
READ MORE