Media Outlook Survey 2019 results

21.02.19 / Insight posted in Articles

We conduct our yearly survey to find out the expectations of finance and managing directors of marketing services, and media and consulting businesses on the future financial prospects of their industries. The results of our 2019 media outlook survey are positive with most businesses expecting to see revenue growth. This survey sets out to analyse…

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Property Alert – Non-UK resident owners of UK property – is your holding structure fit for purpose?

20.02.19 / Insight posted in Articles

Capital gains tax – April 2019 From April 2019, capital gains made by non-UK resident entities and individuals disposing of all types of UK property will be subject to UK tax. The exemptions currently applicable to all commercial property and widely held residential property will no longer apply. As it would otherwise be easy after…

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Heterosexual civil partnerships: the tax angle

18.02.19 / Insight posted in Articles

The Prime Minister’s announcement that civil partnerships between heterosexual couples will be legally acknowledged will have a potentially profound impact on millions of people. This decision follows the Supreme Court’s ruling in June that legislation providing that only same sex couples may register civil partnerships is unlawful. There are approximately 3.3 million unmarried couples living…

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A promise is a promise – or is it? How lifetime assurances can override a Will

18.02.19 / Insight posted in Articles

A person’s freedom to choose to whom to leave their estate, known as “freedom of testamentary disposition,” is a venerable principle of English law. The emphasis placed on this freedom means that the bar to overrule a validly executed Will is high. Indeed, case law confirms that the wishes of a person who is mentally…

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Who says financial planning can’t be romantic?

14.02.19 / Insight posted in Articles

Before popping the big question, have you considered the financial planning that is involved in a long-term commitment? With HMRC encouraging married couples and those in civil partnerships to apply for the Marriage Allowance (a tax-free break worth £238), there are lots of other tax planning and implications to consider. Tax partner Lynne Rowland discusses how you…

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Off-payroll working in the private sector: what it means for you

13.02.19 / Insight posted in Articles, Practical Guides

You may have read a lot in the press over the last couple of years about self-employment tax rules in the public sector with many BBC reporters having been challenged over their tax affairs. Not unexpectedly, the same changes that were introduced to the public sector have been widened to the private sector and will…

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Property Alert – Proposed 1% SDLT surcharge for non-UK residents – HMRC consultation opened

13.02.19 / Insight posted in Articles

HMRC has opened a consultation seeking views on the government’s proposed 1% SDLT surcharge for acquisitions of freehold and leasehold residential property in England and Northern Ireland by non-UK residents. It applies to both individuals and ‘non-natural’ persons (broadly, companies, partnerships and trusts). A simplified residence test is proposed, with the surcharge applying to individuals…

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Brexit: funding for import and export businesses

08.02.19 / Insight posted in Articles

Amidst the uncertainty surrounding Brexit, HMRC is offering funding to businesses handling import and export declarations to help them prepare for exiting the customs union. Extraordinary but true. In the event of the UK leaving the EU with no deal, UK businesses will be in the position of needing to complete customs declarations. To ease…

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Brexit: guidance for EU citizens living in the UK

08.02.19 / Insight posted in Articles

As Brexit approaches and its final shape is not yet clear, we appreciate it can be an unsettling time for EU citizens. The government has published some guidance which we summarise below. Overview of the EU Settlement Scheme Under the proposed withdrawal agreement, if you’re an EU citizen and want to continue living in the…

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Which PR consultancies report the highest profits and staff cost?

06.02.19 / Insight posted in Articles, KS News

Media specialist partner, Ian Graham, analyses the financial performance of the PR sector for PR Week. In this article, he reviews key performance indicators such as operating profit margin, fee income per head, staff costs per head and highest paid directors, identifying the top 10 consultancies in respect of each of these. This analysis comes…

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