Plans for local government to gain new powers and retain local taxes set out by George Osborne On 5 October the Chancellor set out plans to devolve new powers from Whitehall to local areas to promote growth and prosperity by attracting business and creating jobs. Local government will be able to retain 100% of local…
Employment rate in the UK has reached a new record high – it now stands at 73.7%; furthermore the unemployment rate has also reduced to 5.3%. This is the lowest it has been since early 2008 and according to the latest figures from the Office for National statistics is reaching pre-recession levels. In the second…
The Swedish Supreme Court has taken up a case concerning a 63-year-old accountant who, through a limited company registered in the UK has helped other Swedish companies abroad to post revenues and expenses. However later the clients’ accounts were audited, several of them were convicted for economic crimes and accounting fraud in Sweden. The accountant…
How to avoid the risk of requalifying authorisation agreements into employment agreements?
The Estonian Parliament passed the Social Tax, Income Tax and other Acts Amendment Act On 15 June 2015. The Act comes into force in stages. The first amendments come into force on 01.01.2016. The main tax amendments The social tax rate will reduce. The social tax will be 32.5 % instead of the current 33…
Starting from April 2015 it is possible to apply for the Estonian e-Residency in Estonian embassies and consulates general all over the world. What will change? Previously an applicant had to make two visits to the Estonia Police and Border Guard office to apply for e-Residency. First, to apply for the e-Residency and the second…
From the 1st of January 2015 the new VAT order will begin to apply to B2C electronic services providers due to directive 2008/8/EC of the European Commission. The specified services will start to be taxed in the country where the recipient of the service is located. Which electronic services will taxation change for? The changes…
From the 1st of January 2015 the new VAT order will begin to apply to B2C electronic services providers due to directive 2008/8/EC of the European Commission. The specified services will start to be taxed in the country where the recipient of the service is located. Which electronic services will taxation change for? The changes…
The draft of the Commercial Code and the Law of Property Act amendment act has been prepared in cooperation of the Development Fund and the Ministry of Justice, with which the regulation of the Commercial Code concerning companies is wished to be changed to correspond to the needs of startups. The amendments of the law…
Office space in London can be a challenge 1Office UK director Ivar Veskioja explains to overseas entrerpreneurs the process of leasing an office space in London. London is an attractive metropolis The United Kingdom continues to be England together with Scotland, Wales and Northern Ireland and London is still an attractive destination for start-ups and…