Also in the news...
Strategic Locations For Business Travellers In London
London, a bustling hub of commerce and culture, is an essential destination for business travellers. Whether attending meetings, conferences, or networking events, the city's diverse neighbourhoods offer various amenities to suit the needs of the professional on the move. From convenient transport links to luxurious accommodations, knowing where to base yourself can significantly enhance your business trip experience.
Business Expansion in the UAE: Mastering the Free Zone Advantage
The UAE has become the number one destination for international business activity. More precisely, free zones have been wooing investors from every nook and corner of the globe by offering unbeatable incentives, most notably complete foreign ownership and tax exemption.
Ukraine business guide: helping UK businesses trade with Ukraine
This guide provides UK businesses the core information necessary to understand the challenges and opportunities of trading in Ukraine.
Trade with Canada Guidance
How you import from and export to Canada.
Guidance Living in France
Information for British citizens moving to or living in France, including guidance on residency, healthcare and driving.
Defined Benefit Pensions: VAT recovery changes
HMRC has announced changes to the VAT recovery position of employers who pay Value Added Tax (VAT) on services relating to the administration and management of a defined benefit pension plan.
This represents a major change for the UK VAT treatment of pension fund managers’ costs.
In certain circumstances, employers can recover the costs associated with the setting up and day-to-day management of the pension fund; however the opportunity does not extend to include the recovery of VAT on ‘investment activity costs’.
The prospective changes are likely to represent an additional cost to employers in running their pension funds, as well as an opportunity for employers to consider their current pension arrangements - particularly as most UK pensions operate under a trust.
Of course, the majority of UK pension plans are 'defined contribution' arrangements (rather than 'defined benefit'), so this change is only likely to affect larger employers with historic plans.