#permanent-establishment

#permanent-establishment

Under the UK's statutory residence test, individuals who spend 183 days or more in Britain within a tax year are generally considered UK tax residents. If that threshold is crossed, global income, including earnings generated overseas, may become liable for UK taxation.

But what wonderful hospitality am I and thousands of others receiving as the UAE is battered daily by dozens of killer Iranian missiles and suicide drones, aimed indiscriminately at civilian, economic and military targets. Not only is life here still comfortable and as close to normal as it possibly can be with warheads gate-crashing breakfast at Mach 5 (3,300 mph), but our generous hosts are picking up the tab.

Under current rules, once a business exceeds £90,000 in taxable turnover, it must register for VAT and charge 20 per cent on most goods and services. Registration also brings quarterly reporting requirements and compliance costs, often requiring specialist accounting support.

Starting Jan. 1, 2026, updated reporting obligations require crypto platforms operating in the EU or serving EU users to provide detailed information on users and their transactions to tax authorities. This change aligns digital assets more closely with the transparency requirements long established in conventional finance.

Nearly 150 countries have agreed on a landmark plan to stop large global companies shifting profits to low-tax jurisdictions, but the US will be exempt from the deal, angering tax transparency groups. The plan, finalised by the Organisation for Economic Cooperation and Development, excludes large US-based multinational corporations from the 15% global minimum tax after negotiations between the Trump administration and other members of the G7.

Aaron Schroeder's company wasn't for sale, yet the offers kept coming. For years, the Vancouver-based climate engineer received a few unsolicited bids every month, sometimes a couple every week. The offers were often from larger companies and hedge funds, especially those based in the United States. When Schroeder was ready to sell Brightspot Climate, an engineering consultancy with offices in Vancouver, Calgary and Toronto, he decided to go in a different direction and create a special trust to make all 40 of his staff owners.

Global-E posted $220.8 million in revenue, up 25.5% year-over-year, with gross margins at 45.1%. The company generated $13.2 million in net income, but profit margin remained razor-thin at 0.83%. Operating margin reached 7.7%, showing the business model works operationally, but capital efficiency remains a problem. Return on equity sits at just 0.81%, meaning the company barely generates returns on deployed capital. That's the core issue Wall Street keeps circling back to.

knowingly disguised an employment relationship as a business contract to evade its obligations as an employer

Running a small or medium-sized business is tough enough without getting buried in spreadsheets every month. A lot of us owners and managers end up wearing too many hats, sales, customer stuff, operations, and then accounting piles on top. Those routine financial tasks eat up hours, and honestly, one slip-up can cause big headaches like tax penalties or cash flow surprises.

As we enter 2026, is gearing up to release our fourth edition of the Fortune 500 Europe list, celebrating the region's most successful companies through the framework of one of business's best-known accolades. To truly understand these companies, we are embarking on a program of webinar masterclasses, executive interviews and strategy deep-dives, leading up to an exclusive London event for CEOs in September.

For years, you trusted your dad's tax wisdom. He told you-firmly-that you couldn't deduct your home office. Now your accountant says you can. So who's right? Welcome to one of the most misunderstood deductions in the tax code. Let's unpack how this rule actually works, why your dad probably wasn't wrong, and why your accountant may finally be right now.