Hawksford

The Chancellor of the Exchequer, Rachel Reeves presented her maiden Budget to Parliament yesterday, and it has since been described as the biggest tax-raising budget of modern times. Headlines included: ▪️ Immediate increases to capital gains tax rates with further uplifts in relation to some business disposals from both April 2025 and April 2026 ▪️ Immediate increases to Stamp Duty Land Tax, including for those buying residential property when they already own at least one dwelling ▪️ Confirmation that 20% VAT will apply to private school fees for the school term beginning in January 2025 ▪️ Increased costs for many employers from April 2025 through both increases to the national minimum wage and significant reforms to employers’ national insurance contributions ▪️ Plans to restrict inheritance tax incentives around agricultural and business property reliefs from April 2026 ▪️ Plans to include an individual’s undrawn pension fund in their inheritance tax estate from April 2027 Here, we provide a summary of the key announcements, and aim to add some clarity around those which we feel are most likely to affect our clients. Read our full summary here: https://hubs.ly/Q02WvxQ70 #WeAreHawksford #UKbudget #UK #autumnbudget #tax

🎉 Launch of the ASEAN Special Interest Group Event ➡️ Exploring UK-ASEAN Collaboration sponsored by Hawksford. Register for this in person event here 🔗 https://lnkd.in/ey8vK8-8 Join us for the official launch of the Institute of Directors’ ASEAN Special Interest Group (SIG). The event will introduce the team and outline the group’s objectives to support UK-ASEAN business collaboration. Featuring insightful discussions on #trade, #investment, and #governance, we’ll explore how UK businesses can engage with ASEAN’s diverse economies, building meaningful connections and sustainable partnerships. Welcome John McLean OBE - Chair Institute of Directors (IoD) City of London Introduction The IoD ASEAN Group SIG - An overview of the ASEAN SIG’s purpose, goals and activities  Gavin Wilkins, Co-Chair, IoD ASEAN Group Keynote on 'UK-ASEAN Synergy: Shaping Future Opportunities Exploring the evolving relationship between the UK and ASEAN, recent developments, emerging opportunities, and the strategic importance of deepening ties across trade, investment, and governance.' Ian Gibbons, Chief Executive Officer, UK-ASEAN Business Council (UKABC) Panel on 'Strengthening Connections: Trade, Investment, and Governance Between the UK and ASEAN'  This panel will explore the dynamic flows of capital, trade, and investment between the UK and ASEAN markets. Experts will examine opportunities in corporate governance and the evolving capital markets landscape, highlighting the mutual benefits and challenges in cross-regional collaboration. Moderator:  Emma Wegoda, Head of Asia Pacific and Asset Management, City of London Corporation Panellists: - Robin Stevens, Head of Capital Markets, MHA Management Holdings - William Knight, Non-Executive Director - Shan Shan Willenbrock, Director, Cardew Group - Dario Acconci, Head of Asia, Hawksford - Tom Platts, Partner, Stephenson Harwood LLP  Closing remarks: Gavin Wilkins, Co-Chair, IoD ASEAN Group We are truly grateful to Hawksford for sponsoring this event. #uk #asean #eventlaunch #network #instituteofdirectors #IoD

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Singapore will introduce higher minimum qualifying salary requirements for new Employment Pass (EP) applications starting 1 January 2025. This also applies to EP renewals from 1 January 2026. To find out more about EP eligibility and other work passes in Singapore, read our comprehensive guide here: https://hubs.ly/Q02VPpDK0 Alternatively, contact our local team of experts for more information: https://hubs.ly/Q02VPqYJ0 #WeAreHawksford #Singapore #immigration

Beyond its oil wealth, the United Arab Emirates (UAE) now boasts a diverse and thriving economy, with key sectors including real estate, finance, and tourism. This has led to an increasing number of businesses relocating their operations to the UAE.    To discover why companies are choosing the UAE and how you can follow suit, explore our comprehensive guide here:  https://lnkd.in/gm9BrkeT     #WeAreHawksford #UAE #business #internationalexpansion 

We recently had the pleasure of hosting a roundtable with the Society of Trust & Estate Practitioners (STEP), which examined the business practice challenges for practitioners in supporting clients at the same time as maintaining boundaries. Chaired by our Head of Private Client Services Darren Kelland, the writeup was published in Issue 5 of the STEP Journal and highlighted the vital role we all have in supporting our clients, while maintaining our values and boundaries. A special thanks to Helen Bradford-Swire at STEP for the writeup, and everyone who participated: Rosalyn Breedy, Sianne Haldane, Ian Rumens, Edward Gascoigne, Victoria Yates, Tom Spencer, Alison Hill and Brian Balleine. You can read the full article here: https://hubs.ly/Q02VsGhd0 #WeAreHawksford #privateclient #values #bounderies #clientconflict #resolutions

When taking your business global, selecting the right entity type is crucial. It can impact everything from tax implications and legal liability to business development and operational efficiency. If you’re are not sure which entity type is right for your business, contact our team of experts for a consultation: https://hubs.ly/Q02Vs5dY0 We handle all aspects of the incorporation process and can help you set up companies in more than 100 locations across Europe, the Middle East and Africa (EMEA), Asia and the Americas. #WeAreHawksford #InternationalExpansion #BusinessGrowth #GlobalSolutions Daniel Hainsworth Dario Acconci Kunal Fabiani Simon Guidecoq Nikita Zhukov

With the UK Autumn #Budget just days away, speculation is rife about potential changes that could significantly impact taxpayers and businesses. Peter Fenyves, our London-based business development manager, attempts to cut through the noise and highlights the most pertinent issues that may impact our clients. Read his article here: https://hubs.ly/Q02Vjkry0 #WeAreHawksford #uk #budget #tax #cgt #inheritance #nondom

Hawksford was delighted to host its inaugural roundtable at our Dubai office on 17 October 2024. Our Managing Director, UAE, Chrissi Zamora moderated the session alongside expert speakers Bradley Jones and Laura Bos. The discussion provided timely insights into the evolving UK-UAE business landscape and the potential opportunities arising from the UK-GCC Free Trade Agreement. We had a fruitful discussion with distinguished participants, including James Broderick, Kiersten Lucas, Nicholas Lewington, Sid Ludbe, Sadique Mohd, Eileen Duncan, An Kelles, Ilhaam Maniar, Lowri LLwyd, Koshy Karuvelil, Sarah Taylor and James Keating. #WeAreHawksford #UAEOffice #RoundtableUAE #UKUAETrade

If you are running a business in Singapore, you will need to file your Corporate Income Tax (CIT) returns for the Year of Assessment 2024 by 30 November. Missing the deadline may result in penalties. Read our latest article on ten tips to help you with meeting your tax filing obligations: https://hubs.ly/Q02TN3W00 #WeAreHawksford #singapore #corporatetax #IRAS