Starting from January 1, 2024, British film, TV, and video game producers will enjoy more generous tax credits under a newly improved system. To boost the potential of the UK’s cutting-edge production industry and British talent, the government has introduced the Audio-Visual Expenditure Credit and the Video Games Expenditure Credit,...
The 2020/21 UK Tax Year has ended on 5th April 2021. You must send a tax return if, in the last tax year (6 April to 5 April), you were: Self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on)....
Even after Brexit, UK is still considered as the leading European Country in the Film Industry. The EU aid (funding) is unavailable now for the UK Film Production Companies (FPC), but it seems that there will be no changes in the tax relief structure and rules. The Benefits UK Film...
The first thing that draws a businessman’s attention to Bulgaria is the low tax rates – 10% for corporate tax and 5% for dividends. In addition, you can set a LLC company with only 2 BGN (1€). These might be an ideal environment for someone to do business, but doing...
Most countries give tax incentives to young people – entrepreneurs with ideas, students looking to learn, unemployed scientists. Greece, though, has decided on a different approach, by making a play for Europe’s retirees. Under the new bill, the foreign retirees who transfer their tax residence to Greece will pay a...
Since Boris Johnson achieved a great win in the last elections, United Kingdom continues its way into Brexit road. Without an agreement between United Kingdom and European Union, we can only speculate about Brexit’s possible effects in relation with Taxation. However, we can assume that certain tax rules won’t be...
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