Charities and VAT
At Burgis & Bullock we understand Charities and the Not For Profit sector We audit a number of local (and not so local) charities and NFP …
Trusts
Have you registered your Trust?
Under new legislation that came into force on 26 June 2017, HMRC has launched a new digital register for trusts. The idea is to create …
UK Trust Reporting – Part 2. Is the Trust a Financial Institution?
Is the trust a Financial Institution or a NFFE (non-financial foreign entity)? The rules surrounding the classification of an FI are complex. Broadly speaking, for …
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UK Trust Reporting – Part 1. FATCA Consideration
FATCA – what is it? The Foreign Account Tax Compliance Act provisions (commonly known as ‘FATCA’) form part of US legislation aimed at reducing …
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Trustees take note!
FATCA is here! In September 2012 the UK and US signed a treaty to implement the Foreign Account Tax Compliance Act (FATCA) in the UK. …