• Autumn Statement 2013: the UK Government's Plans for the Economy
  The UK’s Chancellor of the Exchequer recently presented the Autumn Statement to Parliament. A majority of the provisions outlined in the Statement will be effective starting 2014.
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• Getting Help from the Home Country Proving Essential for Foreign Startups in the U.S.
  It’s challenging enough trying to generate some noise and buzz about your product/service/app if you’re a U.S.-based startup. Cracking the U.S. market can be daunting. But if you’re a foreign startup, the difficulties are manifold.
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• Highlighting Impact of ‘New UK GAAP’
  The UK has introduced Financial Reporting Standard (FRS) 102, a new reporting standard. The new standard represents a significant change from existing GAAP, says Nair & Co.’s International Accounting Services Team.
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• Income Tax Deadlines for UK Employers
  With the 2011 tax year drawing to a close, it is important that employers in the United Kingdom file returns and make tax payments on time to avoid hefty penalties. Late, incomplete or incorrect form submission and late payment will be subject to fines.
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• Protocol Amending the Double Taxation Agreement between UK and China
  In an expected move, the Protocol to the Double Taxation Agreement between the UK and China recently entered into force on 13 December 2013, reports Nair & Co.’s International Tax Team.
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• QuEST Global appoints Ian Stone as the new Head for UK Operations
  QuEST Global Engineering, a leading pure play engineering services provider with headquarters in Singapore, today announced the appointment of Mr. Ian Stone as a new head of QuEST Global, UK Operations.
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• Supreme Court Ruling to Impact Companies Employing UK Expats
  The UK Supreme Court has ruled that employees of UK companies who worked outside the UK could raise a claim of ‘unfair dismissal’ in a UK employment tribunal, signifying far reaching implications for companies that employ UK expats.
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• The UK Broadens Activities for Business Visitor Visas
  The UK is broadening the permissible activities for business and general visitors and making a number of changes to the Points-Based System, under a statement of changes taking effect in October 2013, reports Nair & Co.’s Global HR Services Team.
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• U.K. Employers Should Prepare Early For The New Real Time Information System
  U.K.’s new Real Time Information System (RTI) that changes how employee data is processed and streamlines UK PAYE tax system will be compulsory for all employers from October 2013." /><meta name="keywords" content="Real Time Information System, U.K. Employers, UK PAYE tax system, foreign employees tax, payroll processing, U.K. new RTI.
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• UK Allows Incorporation of Charitable Incorporated Organizations: Update from Nair & Co. International Expansion Team
  The United Kingdom government has brought into effect a new form of charity the Charitable Incorporated Organizations (CIOs) which were introduced under the Charities Act 2006, y, says Nair &amp; Co. which provides international expansion services for companies setting up foreign operations.
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• UK Budget 2012 Announces Income Tax Cuts and Raises Capital Allowances for Businesses
  UK’s annual budget revealed a string of tax measures including a reduction in business tax to 24% with further 1% cuts announced until 2014, while the top personal income tax rate will be reduced to 45% from 50% in 2013.
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• UK changes laws governing unfair dismissal of an employee
  The UK recently made changes that make it easier to, among other things, quantify the total cost of unfair dismissal claims for companies, reports the International HR services team of Nair & Co., the leader in international business expansion services.
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• UK Eases Facilitation of Trade, Travel and Investment by Chinese
  The U.K. government has announced to take additional steps to encourage trade, travel and investment between the U.K. and the People’s Republic of China (PRC), reports Nair &amp; Co.’s International Expansion Team.
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• UK Engineering shortfall
  Please find an interesting overview of the opportunity for the UK OBU. Any thoughts on how we can take advantage of this?
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• UK Investment and Business Guide
  Nair & Co’s UK Investment Guide provides a comprehensive summary of the direct & indirect taxes, key economic indicators, legal & accounting requirements that are critical for businesses operating or expanding in UK.
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• UK Tax Defaulters Offered Chance to Settle Debts
  Nair & Co. which provides international tax consulting for companies expanding overseas finds out that the campaign by the government authorities mainly targets individuals who have received a tax return or notice to complete a tax return for any tax year up to 2011-12, but have not acted accordingly.
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• UK VAT Returns, Intrastat Declaration Deadlines
  Businesses whose accounting year starts on or after April 1, 2012 are required to file VAT returns online including VAT due to HM Revenue & Customs (HMRC). This is applicable for companies who have registered for VAT before April 2010
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• UK’s New Immigration Rules to Take Effect from June 14, 2012
  UK has introduced changes to its immigration rules which would affect foreign nationals residing or entering the UK on employer-sponsored visas as well as the employers. The changes are based on the observations of the Migration Advisory Committee (MAC) and will be effective from June 14, 2012.
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• United Kingdom – Budget 2014 Announced
  The Chancellor of the Exchequer recently presented the Budget for 2014-15. Significant measures include those for investment, savers, retirement and small & medium enterprises (SMEs).
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• United Kingdom Announces New Fuel Rates for Company Cars
  The United Kingdom has recently announced new advisory fuel rates for company car drivers effective from 1 March 2014. These rates are set by HM Revenue & Customs (HMRC).
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