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Budget 2012 predictions affecting HNWIs and high earners

Tuesday, March 13, 2012 | Posted by: Francesca Lagerberg
Categories: Business, Personal, Protecting your wealth | Tags: tax, Francesca Lagerberg, VAT, tax avoidance, budget, residence, GAAR, predictions, personal allowance, stamp duty land tax, luxury goods, non-doms, budget2012, pension tax relief, mansion tax, 50% tax, SDLT

How are high net worth individuals (HNWIs) and high earners in the UK likely to be affected in next week’s Budget? Francesca Lagerberg, Grant Thornton’s Head of Tax, makes a few predictions, from pension tax relief to a potential new VAT on luxury goods.

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Can you escape the VAT clampdown on private jets?

Monday, June 27, 2011 | Posted by: Graham Brearley
Categories: Personal, Protecting your wealth | Tags: tax, VAT, legislation, Graham Brearley, aircraft, jets, private jet, European Commission, legislation change, flying, executive jet, airline, zero-rating

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Flying your own plane or executive jet got a lot more expensive this year following a change in the UK VAT law on the supply or importation of private aircraft. Aviation specialist and Senior VAT Manager at Grant Thornton, Graham Brearley, explains why and calls for a simplification of the law.

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Don’t get sleighed by new VAT rules on boats and aircraft

Thursday, January 06, 2011 | Posted by: Gary Woods
Categories: Business, Personal, Protecting your wealth | Tags: business, tax, HMRC, VAT, Gary Woods, aircraft, residence, jets, flying, planes, sailing, Santa, European Court of Justice, transport, boat

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If you’re thinking of trading in your boat or jet for a newer model in 2011, you may find the cost adds up to more than you think. As we’re still feeling festive, let’s take Santa and his sleigh for a ride through the new VAT rules.

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George Osborne’s Emergency Budget reviewed

Tuesday, June 22, 2010 | Posted by: Richard Jameson
Categories: Business | Tags: entrepreneurs, economy, capital gains tax, CGT, income tax, Richard Jameson, VAT, budget, relief, George Osborne, deficit, budget2010, NICs, personal allowance

Tax hikes announced with more spending cuts and blood-letting to follow in the autumn – that’s how Chancellor George Osborne’s intends to balance the books with today’s Emergency Budget. But what didn’t he mention?

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Tax rises – the elephant in the room

Wednesday, October 21, 2009 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: recession, economy, capital gains tax, CGT, income tax, Richard Jameson, government, VAT, Gordon Brown, David Cameron, tax manifesto, National Insurance, Nick Clegg, general election

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Approximately six weeks ago, plenty of commentators were suggesting the economic outlook had improved and the economy had turned a corner, primarily on the back of strong performance in the stock market. But an elephant has since marched the room – and, if you’ll forgive the pun, it’s a potential jumbo…

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Private jets to lose VAT-free status

Thursday, July 16, 2009 | Posted by: Grant Thornton
Categories: Personal | Tags: VAT, Graham Brearley, aircraft, jets, private jet, European Commission, legislation change

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To fly or not to fly − that is the question facing owners of private jets this week after the UK was told to amend its VAT legislation affecting aircraft weighing more that 8000kg.

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