UK Business Information / Tax Issues
In the UK, Her Majesty’s Revenue and Customs (“HMRC”) is responsible for collecting taxes. HMRC is a fairly new institution formed from the merger of The Inland Revenue and HM Customs and Excise.
The main sources of tax in the UK are corporation tax, income tax, national insurance contributions and value added tax (VAT). Individuals may also have to pay capital gains tax on sales or gifts of assets and inheritance tax on certain lifetime gifts and on the value of their estates on death.
UK tax legislation is complex and this is no more than a general guide. Specialist advice should always be sought. In addition, the information in this document is stated based on the rules as at 6 April 2010 for individuals and 1 April 2010 for limited companies (the start of the UK tax financial year for those persons respectively).
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David Sayers |
All Tax Issues information supplied by David Sayers, Head of International Tax, Mazars. David is an International Tax Partner based in Mazars UK and Paris offices. Since joining Mazars in 1998, he has concentrated an international tax planning for Mazars European client base, which includes 15% of the FTSE Eurofirst 100 companies. His areas of expertise include cross-border corporate structuring, mergers and acquisitions and transfer pricing. Sector experience includes a detailed knowledge of Anglo French taxation issues. He has helped many first time investors, large and small with setting up and buying business in the UK and is well known for his expertise in this area. |
David lectures frequently on international taxation issues both in the UK and abroad, and is a fluent French speaker. He is the UK member of Mazars International Tax Strategy Committee and Chairman of the European Transfer Pricing Committee. He also sits on the European Branch Committee of the CIOT.
Tax Issues information supplied by Mazars - an international, integrated and independent organisation, specialising in audit, accounting, tax and advisory services. Mazars can rely on the skills of 12,500 professionals in the 56 countries which make up its integrated partnership on the five continents.
