Solving UK-Australian tax problems
We offer a single point of advice for individuals, businesses and corporate clients whose personal or business affairs involve both UK and Australia.
For over fifteen years we have had clients in both countries and over the last five years our largest client was an Australian plc with a UK subsidiary.
In September 2009 Joanne Lamberth, one of our Senior Tax Consultants, left Cambridge, UK to be based in Sydney, Australia.
Who can we help? Our team has nineteen people across UK, Australia, Netherlands & France including everything from a bookkeeper, asolicitor, accountants, financial advisors as well as the crucial tax consultants who help minimise unnecessary taxation. Few small teams can bring together this range of expertise. Specialists in each of the UK and Australia together with specialists in tax issues involved in moving between any two or more countries.
We are not tied to the very high hourly rates of large firms - and you get the bonus of a more personal service. We have clients from individuals with some tax issues to a large plc with significant questions of transferring pricing and a need for continuous bookkeeping in the UK.
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Current Issues |
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Residence - UK rules still lack clarity pending court decisions. This primarily affects regular visitors to UK.
UK Inheritance Tax - many emigrants may unknowingly still be liable after leaving.
Pension Migration - you often only have a short period to make new arrangements.
Remittance Basis - if you are going to arrive in the UK from Australia then you need to know that the tax regime is no longer quite as generous as it was!
Exchange Rate - the low value of sterling creates problems for Brits and opportunities for Australians.
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| New arrivals in Australia |
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Our tax manager in Sydney can guide you through the complex issues now that you have finally arrived in Australia.
Now is the time to settle-in, make new friends and get on with your new life. The last thing on your mind is UK tax, after all you have left that all behind…or have you? We can identify any remaining UK issues and advise you on how best to minimise their effects, whether in relation to Income Tax, Capital Gains Tax, Inheritance Tax, National Insurance or Pensions.
Get on with your new life - get our help to reassure you that everything has been properly cleared-up back in the UK
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| Migrating Business |
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We have helped clients who own a business in the UK, for example as a consultant with the impact this will have on their business. Does the residence of the business also change? Could there be tax advantages in keeping the business resident in the old country?
Depending on the operational structure of your business the options available to you will vary. We can advise you on the possible options and their tax implications and help you to find the solution that best meets your needs.
Our accounting team can assist with accounts preparation in any transitional phase.
Our UK HR team can deal with all aspects of employment and payroll taxes. |
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| Corporates in UK & Australia |
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Whilst there are similarities between the UK and Australian tax regimes it is the differences that often catch out businesses looking for geographical expansion into the other country.
For this reason we have local specialists in both countries. You will face a number of issues including deciding on the structure of your UK business, dealing with UK VAT, funding your UK business and repatriating its profits.
Our accounting team can assist you with monitoring your new enterprise by preparing Management Accounts and dealing with all local reporting obligations.
Our proprietary online accounting software, WebsterAccounts, allows the parent business to access and monitor its subsidiaries’ accounting records in real time | `
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