regime

Tax-free Regime in Gibraltar

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Gibraltar, probably the cheapest offshore jurisdiction within Europe, offers unique opportunities to do business tax efficiently. It was one of the first British dependent territories, which developed tax-exempt corporate forms for offshore business. Since then, Gibraltar has established itself as one of the world’s leading offshore financial centres. Unlike many, Gibraltar is not an … Read more

HMRC Penalties for late payment of HMRC, NIC and CIS

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Penalties for late payment of PAYE and NIC, May 2010. From May 2010 HMRC are implementing new penalties for late payment of periodic PAYE /NIC from businesses. This will include any tax, national insurance contributions, construction industry deductions and student loan deductions which may be due in the tax year 2010-2011 onwards. It means that … Read more