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Residence – what are exceptional circumstances?

When calculating an individual’s liability to tax in the UK, their residence status plays an important role. Since 2013 this is determined by the Statutory Residence Test (SRT).

30 Sep 2022

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Residence – what are exceptional circumstances? - news article image

Residence – what are exceptional circumstances?

When calculating an individual’s liability to tax in the UK, their residence status plays an important role. Since 2013 this is determined by the Statutory Residence Test (SRT).

30 Sep 2022

A surprising “mini” Budget - news article image

A surprising “mini” Budget

On 23 September the new Chancellor, Kwasi Kwarteng stood up at the unusual time of 9:30 to deliver his Growth Plan speech which many have termed a “mini” Budget.

28 Sep 2022

Capital Gains Tax – getting the details right! - news article image

Capital Gains Tax – getting the details right!

The recent tax case of Kavanagh v HMRC has highlighted the importance of ensuring that the relevant qualifying conditions are met to access valuable tax reliefs.

27 Sep 2022

Capital gains Tax on divorcing couples - news article image

Capital gains Tax on divorcing couples

Married couples and civil partners can transfer assets such as property or shares between them without incurring capital gains tax under what is known as a ‘nil gain, nil loss’ process.

27 Sep 2022

Shaw Gibbs support CISI’s Financial Planning Week 3 - 9 October 2022 - news article image

Shaw Gibbs support CISI’s Financial Planning Week 3 - 9 October 2022

The 2022 UK Financial Planning Week (3-9 October) comes as the cost of living is soaring, inflation and interest rates are rising, and as a new Prime Minister takes up residence in Downing Street.

26 Sep 2022

Shaw Gibbs sponsor Oxford Quins Community Program - news article image

Shaw Gibbs sponsor Oxford Quins Community Program

Shaw Gibbs are pleased to announce the corporate sponsorship of the Oxford Quins Community Program.

23 Sep 2022

VAT and ‘dwellings’ – back to basics - news article image

VAT and ‘dwellings’ – back to basics

If you are a building company or property developer that has been in industry for a while, you may well believe you have a good handle on VAT in relation to building works for new dwellings.

16 Sep 2022

Preparing for your year-end audit - news article image

Preparing for your year-end audit

A statutory audit is carried out once a year and can mean a lot of work for a client, especially if there are complexities such as share-based payments, revenue recognition on stage of completion basis etc. For some companies, there is no justification to hire additional staff in just to facilitate the audit.

8 Aug 2022

Register of Overseas Entities - news article image

Register of Overseas Entities

As part of the Government’s strategy to combat economic crime, the Register of Overseas Entities (ROE) requires overseas entities that own UK land or property to declare their beneficial owners or managing officers.

5 Aug 2022

Shaw Gibbs strengthen VAT offering with the appointment of Leo Donovan - news article image

Shaw Gibbs strengthen VAT offering with the appointment of Leo Donovan

Oxford-based Shaw Gibbs have strengthened their VAT consultancy offering with the appointment of Leo Donovan as Associate Director VAT.

2 Aug 2022

Shaw Gibbs announce three senior promotions - news article image

Shaw Gibbs announce three senior promotions

Shaw Gibbs have promoted three of their senior team with effect from 1 July 2022.

29 Jul 2022

Expanding in the UK - news article image

Expanding in the UK

During our recent trip to the USA, I was asked a series of questions about the UK economy and what US companies should be aware of when looking to the UK for expansion. Below is a summary of the main questions which were put to me.

27 Jul 2022

Take the heavy-lifting out of furlough audits - news article image

Take the heavy-lifting out of furlough audits

The furlough scheme reportedly cost £70bn and it is therefore unsurprising that HMRC are looking to claw back mis-claimed amounts.

8 Jul 2022

The Income Tax implications of crypto-mining - news article image

The Income Tax implications of crypto-mining

With the upcoming merge of the Ethereum 2.0 update rumoured to be implemented this year, it is important to remember that there may be income tax implications for cryptoasset investors who play a role in verifying blockchain transactions.

21 Jun 2022

Supplementing and upskilling your team during significant change - news article image

Supplementing and upskilling your team during significant change

When we refer to ‘outsourcing’ a finance function, the meaning is construed in multiple ways depending on the audience and pre-conceptions. It is useful therefore to outline some of the ways in which the outsourcing department can assist in ‘special projects’ which fall outside of the traditional bookkeeping/data processing/returns.

21 Jun 2022

Trust Registration - news article image

Trust Registration

The original requirement for certain trusts to register on the Trust Registration Service was introduced in June 2017 as part of the UK’s implementation of the EU’s 4thAnti-Money Laundering Directive. This provided greater transparency surrounding the assets and individuals involved in such structures.

20 Jun 2022

What is a non-dom and why does this matter? - news article image

What is a non-dom and why does this matter?

Over the last few months, there has been a lot of pressure on the Chancellor, Rishi Sunak and his wife, Akshata Murty as a result of their non—domiciled tax status and the suggestion that they have “avoided” paying significant amounts of UK tax as a result of dividends received from her stake in her father’s overseas IT business, none of which is taxable in the UK.

20 Jun 2022

Why Interest isn’t always simple - news article image

Why Interest isn’t always simple

Before you think we’re about to go into a discussion of the differences between simple and compound interest, this isn’t that sort of an article. Instead we’re going to take a look at how interest rates impact on a variety of aspects of financial planning and why how something is named doesn’t necessarily reflect what something is.

17 Jun 2022

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited

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