This year, we continued on our three year journey of transformation to become the clear choice. We stimulated growth in our business, turned the spotlight back up on our Values and reflected on and communicated our Purpose
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Our private clients come in all shapes and sizes: privately wealthy individuals, high-earning executives, entrepreneurs, equity partners, family business owners, overseas nationals, trustees and executors to family offices.We work hard to understand their needs and aspirations. Then we apply our skills and experience to provide advice that helps them manage their personal tax obligations, whilst working to minimise risk.
Whether you need help filling in your tax return, running your business or passing on your wealth, our specialists can help. We work to provide constructive advice that’s easy-to-understand and implement.
There are many issues for non-doms to consider. Domicile status in itself is a topical issue. Great care is needed when using unremitted foreign income or gains as security for loans used to fund UK spending. Other topical issues include business investment relief introduced by the Government to attract inward investment and the inheritance tax spouse exemption.
Are you thinking about the rules that make individuals UK resident for tax purposes, whether as an individual or as an employer?
With the Government keen to raise revenues in order to relieve financial pressures, the focus on tax collection has increased. HMRC is offering disclosure facilities (such as the Liechtenstein Disclosure Facility and Crown Dependency Disclosure Facilities) to encourage those with undisclosed assets to comply. International pressure is intensifying for exchange of information. HMRC has heightened penalties (particularly where offshore assets are involved) and now "names and shames" deliberate defaulters.
UK residential property ownership has become an essential area in which to ensure you fully understand your tax position.
Have you had an enquiry opened or received a letter from HMRC? Even if the answer is not yet, would you know what to do if you did? Are you prepared? HMRC has set up specific units to deal with the personal tax affairs of the wealthiest taxpayers in the UK.
UK Head of Private Client
KPMG in the UK
0113 231 3358
We can assist with the issues your business is facing and provide the services you require.
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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.