Bahraini-British Business Forum discusses changes in UK Tax Laws

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Bahraini-British Business Forum discusses changes in UK Tax Laws

Bahraini-British Business Forum discusses changes in UK Tax Laws

(Manama) – The Bahrain British Business Forum (BBBF) Special Interest Group (SIG) for finance professionals, in partnership with KS International Consultants & Public Accountants Bahrain and Kingston Smith UK, held a meeting at the Capital Club recently to discuss changes in UK tax laws. The event was aimed updating UK citizens and owners of UK properties of any nationality of the effects of the changes and availability of consultancy help in Bahrain.
The keynote speaker at the event was Mrs. Lynne Rowland, a personal tax partner in Kingston Smith UK. Mrs. Rowland has over 20 years of personal tax experience, working for leading accountancy firms as well as regional firms. Ms. Rowland shared her vast knowledge on a variety of matters at the event, especially income tax, inheritance tax and capital gains tax from a UK and international perspective.
Commenting on the event Ms. Rowland said: “The last few years have heralded a recovery in the UK economy alongside an awareness of a continuing budget deficit. Simplifying the UK tax system and ensuring that all taxpayers pay their fair share of tax has been a strategy that has the support of the general public. Some of the proposed changes seem to have an essence of tinkering without any genuine fiscal benefit, and worse, they have not necessarily been publicised enough to ensure understanding and compliance by all relevant taxpayers. The purpose of this meeting was to highlight some of the changes that have been introduced, or are proposed for the future, so that people with UK interests can plan ahead and take any necessary action.”
(Courtesy WAM)