The UK's new coalition government has promised to review the taxation of non-doms, and make the taxation of holiday lettings EU-compliant through measures "that do not penalise UK-based businesses". It will also reduce corporate tax rates to "create the most competitive corporate tax regime in the G20" by simplifying reliefs and allowances and by tackling avoidance, and by further reform of the Controlled Foreign Companies rules.The new UK Chancellor George Osborne will give the Emergency UK Budget on the 22nd June 2010. Will Capital Gains Tax increase to 50%, VAT increase from 17.5% and UK Corporation Tax decrease to 25%? How does it impact you?
This Breakfast Briefing will cover the main UK Budget /tax news, focusing on how it affects businesses and residents in Hong Kong and the region. It will also include a post-budget analysis of feedback from UK professional bodies and the media.
Our speaker is Debbie Annells, Managing Director of AzureTax Limited, Chartered Tax Advisers, is a well known exponent and commentator on UK, Hong Kong and international tax issues . AzureTax is exclusively dedicated to high-level global tax planning for businesses and individuals, and advises on International Taxes and Corporate Structures, Trusts, Wills, Estates and Domicile. They have 25 staff in their Hong Kong office and 6 staff in their Singapore office.
Ms Annells holds a BSc Degree from the London School of Economics. She is an International Freeman of the City of London, a Fellow of the Hong Kong Institute of Certified Public Accountants, a Fellow of the Taxation Institute in Hong Kong, and the only non resident Member of the General Council of the UK Chartered Institute of Taxation. She also Chairs the Financial Services Group (FIG ) for the British Chamber of Commerce in Hong Kong, and sits on their General Committee.
