Archive for March 8th, 2010

Her Majesty’s Revenue & Customs (HMRC) in the U.K. has announced that legislation will not be introduced until the 2011 Finance Act concerning (this legislation would have replaced Statement of Practice 01/09 regarding resident but not ordinarily resident taxpayers). SoP 01/09 will now apply for the U.K. tax year ending 5 April 2011,... »

The new tax-free threshold for taxpayers in Jamaica is $441,168 per annum. Additionally, since that date, a progressive tax system has been in effect. Also, the standard rate of General Consumption Tax (GCT) was increased from 16.5 percent to 17.5 percent. »