The UK Government has confirmed plans to implement a 20% VAT on tuition and boarding fees at private schools, a policy set to commence from the 1st of January, 2025. The VAT, which will also be applicable on pre-payment of fees, signifies the government’s intention of ending existing tax breaks for private schools. This announcement
A new and stricter tax landscape awaits ‘non doms’ in the UK from the coming year, as the Labour government hardens plans to dissolve the ‘outdated’ tax benefits and revamp the inheritance tax (IHT) accountability. These stringent transition rules with a fresh residence-based model for IHT are expected to roll out from the 6th of
As the dust starts to settle following a landslide victory in the general election for Labour, businesses and UHNW (Ultra High Net Worth) clients linger in uncertainty, waiting to understand how the change in government might affect them. With the expected scrapping of the non-dom regime, UHNW clients are considering moving their wealth elsewhere. So
During the State Opening of Parliament on Wednesday the 17th of July, the government’s priorities for the coming months were set out during The King’s Speech. The address, along with the related memorandum, featured 40 bills. Two of these were holdovers from the last parliamentary term. Notably, this represents the most substantial volume of bills
STS Europe joins Dow Schofield Watts We are delighted to announce that STS Europe has joined Dow Schofield Watts as Tax Advisory Partners. STS Europe will be part of the DSW Network but will remain in the Burscough office and continue to provide our existing clients with specialist tax services. Our name will change to
