Changes to the non-dom regime: Labour's response

Posted on 9th Apr 2024

The Labour Party has responded to the measures announced in the Spring Budget around abolishing the current ‘non-dom’ regime. They have suggested they will keep the broad package of measures but with the following modifications. New Arrivers UK investment income will be exempt in the...[more]

Simmons Gainsford prepares to make World Cup-on-Sea debut in support of GOSH

Posted on 26th Mar 2024

Simmons Gainsford is delighted to announce that we will be taking part in World Cup-on-Sea (a 7-a-side charity football event organised by AJ Chambers), to raise money for Great Ormond Street Hospital Children's Charity. On Saturday 4 May 2024, our squad will travel down to...[more]

Spring Budget 2024: Changes to the non-dom regime

Posted on 14th Mar 2024

The Chancellor’s Spring Budget on 6 March 2024 announced measures to abolish the current ‘non-dom’ regime as we know it and replace this with a new “modern, simpler and fairer” residence-based regime from 6 April 2025. The concept of domicile, which has long been a...[more]

International Women’s Day 2024: Empowering businesses through operational excellence

Posted on 8th Mar 2024

In celebration of International Women’s Day, we spoke to our client Rachael Gunn about what it means to be an entrepreneur, the challenges she has faced, and her mission to get people to love their businesses again. Rachael runs her own operations consultancy created out...[more]

Spring Budget 2024: What you need to know

Posted on 7th Mar 2024

On Wednesday 6 March 2024, Chancellor of the Exchequer, Jeremy Hunt, delivered his Budget for Long Term Growth. His speech promised ‘more investment, more jobs, better public services, and lower taxes’. The Chancellor made further changes to National Insurance contributions (NICs), following the cuts made...[more]

Simmons Gainsford joins Sumer Group to harness the power of collaboration and champion SMEs

Posted on 20th Feb 2024

In December 2023, Simmons Gainsford joined the Sumer Group, a rapidly expanding top 15 UK accountancy practice with an overarching mission to champion SME businesses and offer local delivery supported by national expertise. The partnership with Sumer will provide additional benefits to clients and the...[more]

Changes to UK company law: Navigating the future

Posted on 1st Feb 2024

In a landmark development, the Economic Crime and Corporate Transparency Act received royal assent on October 26, 2023. This act empowers Companies House to play a more active role in combating economic crime and fostering economic growth, setting out a series of transformative measures which...[more]

Crypto tax compliance: A move towards greater transparency

Posted on 20th Dec 2023

In a significant move towards greater transparency and compliance in the ever-evolving world of cryptocurrency, HMRC has recently launched a new disclosure opportunity to allow taxpayers to voluntarily disclose any unpaid taxes related to cryptoassets, including exchange tokens, non-fungible tokens (NFTs), and utility tokens. Let's...[more]

Jingle bills: Digital platforms to report seller data to HMRC in 2024

Posted on 18th Dec 2023

Digital platforms such as Vinted, eBay, and Etsy are set to undergo a transformative change from January 2024 as new regulations are introduced mandating such platforms record and report seller data to HMRC. This shift is expected to enhance tax compliance and transparency in the...[more]

Gifts of shares to minor (under 18s) children

Posted on 23rd Nov 2023

The settlement legislation seeks to ensure that, where a settlor has retained an interest in property in a settlement, the income arising is treated as the settlor’s income for all tax purposes. A settlor can be said to have retained an interest if the property...[more]

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