This month (7 January 2023), the US government has announced plans to reduce its fee for the citizenship renunciation scheme from US$2,350 to just US$450. Rule-making will now begin to change the fee level.
The reduction in the much-criticised fee will be welcomed by many.
The decision comes just a few days before oral arguments in a court case were put to a US district court judge in Washington, DC.
The court case was brought by the Association of Accidental Americans who argued that “the [- -]
In today’s Autumn Statement, Chancellor Jeremy Hunt warned of a substantial tax increase. Many of the tax increases are hidden in plain sight through freezing across a range of measures. One announcement welcomed by many was that there will be a windfall tax on energy companies from January 2023 to March 2028, at 35%; and that a temporary higher tax of 45% will be placed on electricity generators. The anticipated changes to non-dom tax levels or remittance basis were not made, perhaps unexpectedly, [- -]
Submitted by
Sestini & Co | on Thu, 11/17/2022 - 8:29 | In
HMRC Senior Tax Associate wanted for dynamic and growing tax team in Paulton, between Bath and Bristol.
Fast growing business and international tax consultancy firm, Sestini & Co, are seeking a Senior Tax Associate to join their team providing tax compliance and advisory services to individuals based in the UK and overseas. Founded in 2013, Sestini & Co have rapidly built a reputation for offering clear guidance in complex situations. Our staff have an exceptional breadth and depth of experience, and we [- -]
Submitted by
Sestini & Co | on Thu, 10/20/2022 - 12:33 | In
Uncategorized Reminder – We became aware yesterday of a scam email circulating earlier this week, purportedly from our Managing Director, Rachel Sestini.
As shown in the image ‘Proposal from Sestini & Co’, please be advised that email is a phishing message, please do not click on the link.
Our IT company is taking additional measures to ensure that this is dealt with swiftly.
We have emailed our clients regarding this.
Should you have any queries about this, please call our office on 01761 241 861.
In the 17th October 2022 announcement, new Chancellor Jeremy Hunt unveiled further changes to the September announcements, read our round-up to find out how you could be affected by these tax changes.
Submitted by
Rachel Sestini | on Mon, 09/26/2022 - 15:52 | In
Budget Termed a ‘mini budget’, yet without the usual independent OBR research or illustrations showing impact of tax cuts on different earning brackets, those measures that have been announced today (23 September 2022) are impactful, with a focus on overall economic growth rather than redistribution of wealth. Measures supporting businesses will have an effect across the income brackets however certain changes such as the abolition of the higher tax rate will initially benefit high net worth individuals and higher earners before [- -]
From 6 April 2023 married couples and civil partners who are divorcing will no longer need to settle their estates within the current short window of the tax year in which they separate, known as ‘the year of permanent separation’.
Submitted by
Sestini & Co | on Wed, 07/13/2022 - 14:23 | In
HMRC Sestini & Co were one of the first signatories of the Women in Finance Charter when it started in 2016 and were pleased to see the growth of the initiative as reported at this year’s annual review, the fifth since the Charter started.
This year’s event was chaired by Yasmine Chinwala, OBE, Partner at New Financial.
John Glen MP, Economic Secretary to the Treasury, was the first to speak, noting that the Charter had been in existence for 6 years, now has [- -]
Submitted by
Sestini & Co | on Thu, 06/30/2022 - 9:05 | In
Uncategorized Rachel Sestini recently spoke to Pedro Guimarães of Canopy Community, an organisation that exists to support entrepreneurs and innovators on their lifelong journey.
With the recent uproar over Akshata Murthy’s tax status in the UK and her decision not to elect the remittance basis of taxation going forwards, we thought it would be interesting to do a round-up of some of the tax incentives offered across Europe to individuals relocating who have previously been non-resident in the territory in question.
