Mark Davies & Associates Ltd

27/10/2021

Autumn Budget and Spending Review 2021 -

04/02/2019

CIOT has published HMRC's response to the techncial argument that offshore income gains are sheltered in a protected trust - in short they disagee - taxpayers with 's should seek expert advice on reporting requirements and investment mandate http://ow.ly/M6qZ50kvVqf

Our June news item Protected trusts and non-reporting funds - help us gather evidence explained the technical issue with the current legislation, which appears to mean that offshore income gains are not included in the protections. Briefly:

29/10/2018

UK Budget 2018 Summary for International Clients -

Tax Advisers to International Clients

29/03/2018

29/03/2018

23/03/2018

Mark's observations on the Spanish court ruling to throw out Spain's higher IHT for non-EEA residents.

http://mdaviesassociates.com/ii-spain-iht-2018/

Spanish court throws out Spain’s higher IHT for non-EEA residents In a landmark case, the Spanish court has ruled that a long-standing and controversial practice of charging non EEA-residents of Spain inheritance tax is discriminatory and therefore, unlawful. Potentially, this sets the stage for t...

07/03/2018

Wealthy UK non-doms leaving UK for more favourable climes?

http://mdaviesassociates.com/uk-wealth-exodus/

A flight of wealthy individuals leaving the United Kingdom is blamed on growing uncertainty regarding the legal status of non-doms. The trend was discussed by experts at a wealth mobility event in London last month, sponsored by Locate Guernsey, which was attended by more than 100 private wealth adv...

24/11/2017

Mark Davies in the Financial Times

http://mdaviesassociates.com/mark-davies-ft-budget-2017/

Mark Davies joined the panel of experts at the Financial Times to express his views on the Chancellor’s Autumn Budget. From April 2019, subject to consultation, corporation tax or capital gains tax will be charged on gains made by non-residents on the disposal of UK land and property. “Currently cap...

14/11/2017

Paradise Papers and Private Jets
http://mdaviesassociates.com/private-jets-vat-crosswind/

The Paradise Papers have highlighted that private jet owners have been bypassing VAT on purchasing their aircraft. Importing aircraft through the EU and shell companies in the British Virgin Islands, the Isle of Man and Guernsey has enabled owners to avoid paying millions of pounds worth of tax. How...

08/11/2017

Catch up with Mark Davies' comments on the Paradise Papers

http://mdaviesassociates.com/mark-davies-paradise-papers/

Panorama’s exposé of the Paradise Papers has uncovered the the tax affairs of many influential and wealthy individuals. However, tax experts are quick to clarify that not all the deals are illegal. Mark Davies highlights that there are some cases of “tax evasion” and other cases involving “tax avoid...

28/09/2017

Spear's Wealth Insight Forum is finally here! Keep up with the discussion Spear's

http://mdaviesassociates.com/spears-wif-2017/

Finally, the day has arrived! In just a couple of hours, the City’s heavyweights will be assembling to discuss the hottest topics at the Spear’s Wealth Insight Forum 2017. They will cover every aspect from geopolitics to property, from private client wealth to luxury, from tax and trust to second ci...

04/09/2017

Priya Dutta chosen as a Rising Star Tax Accountant by Spear's!

http://mdaviesassociates.com/priya-dutta-spears-rising-star/

Spear’s Magazine have chosen Priya Dutta as a Rising Star in their Tax Accountants category. Priya is a senior tax manager at Mark Davies & Associates, having joined the boutique advisory firm in February 2017. She provides comprehensive and in-depth advice on domicile, residency, overseas trusts an...

01/09/2017

List of Spear's Top 50 Tax Advisers released!

http://mdaviesassociates.com/mark-davies-spears-top-50/

Mark Davies has been named as one of Britain’s Top 50 Tax Advisers by Spear’s Magazine. In the Editor’s Pick, Mark considers tax as ‘a game with ever-changing rules.’ He feels that the recent bad press surrounding the Panama Paper’s leak is ‘misplaced,’ which has led to legitimate structures used fo...

21/08/2017

David v. Goliath

http://mdaviesassociates.com/kelloggs-dispute-special-k/

On 8 June 2017, the American cereal manufacturer Kellogg Company (‘Kellogg’s’), which owns the ‘Special K’ trade mark in Australia, and professional tennis player Thanasi Kokkinakis, hit the headlines due to a local trademark dispute over commercial use of his nickname ‘Special K.’ In this article,…

18/07/2017

Rewind to 5 April 2017...

http://mdaviesassociates.com/uk-non-dom-changes-backdated-april-2017/

All UK non-dom changes will take effect from 5th April 2017, the government announced on 13 July. These changes, along with other tax policies, were removed from Finance Act 2017 in the run up to the sudden general election on 8th June. Draft legislation was published on 13th July. It is proposed th...

13/07/2017

Mark Davies to speak at the Post Election:Non-Dom Property Investment Conference in London

http://mdaviesassociates.com/post-election-uk-landscape-non-dom-property-investment-september-2017/

-domproperty

Mark Davies will be speaking at the Post-Election: UK Landscape for Non-Dom Property Investment Conference. It will take place on 20 September 2017 in London. The conference intends to provide confidence and complete analysis on how the significant changes taking place after 6 April 2017 will affect...

05/07/2017

Compulsory online registration for all trusts with UK interest is due to launch shortly. Are you liable?

http://mdaviesassociates.com/uk-trusts-registration-service/

HM Revenue & Customs (“HMRC”) has announced that the online central register for trusts, the “Trusts Registration Service”, will be launched very shortly. The register has been brought in to assist the UK government comply with the EU’s 5th Money Laundering Directive which came into force on 26 June...