Latest news with #non-UK
Yahoo
2 days ago
- Business
- Yahoo
Middlefield Canadian Income PCC - Holding(s) in Company
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: Middlefield Canadian Income PCC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an 'X' if appropriate) Non-UK issuer X 2. Reason for the notification (please mark the appropriate box or boxes with an 'X') An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify) iii: 3. Details of person subject to the notification obligation iv Name JPMorgan Chase & Co. City and country of registered office (if applicable) United States 4. Full name of shareholder(s) (if different from 3.) v Name J.P. Morgan Securities plc City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi: 28 May 2025 6. Date on which issuer notified (DD/MM/YYYY): 30 May 2025 7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) vii Resulting situation on the date on which threshold was crossed or reached 6.101211 0.023131 6.124342 6521648 Position of previous notification (if applicable) 5.387714 0.000000 5.3877148. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii A: Voting rights attached to shares Class/type ofsharesISIN code (if possible) Number of voting rights ix % of voting rights Direct(DTR5.1) Indirect(DTR5.2.1) Direct(DTR5.1) Indirect(DTR5.2.1) GB00B15PV034 6497014 6.101211 SUBTOTAL 8. A 6497014 6.101211% B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial instrument Expirationdate x Exercise/ Conversion Period xi Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial instrument Expirationdate x Exercise/ Conversion Period xi Physical or cash Settlement xii Number of voting rights % of voting rights Equity Swap 02/07/2026 02/07/2026 Cash 24634 0.023131 SUBTOTAL 8.B.2 24634 0.023131%9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an 'X') Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv X Name xv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold JPMorgan Chase & Co. J.P. Morgan Securities plc 6.101211 6.124342% Chain of controlled undertakings:JPMorgan Chase & Chase Bank, National Association (100%)J.P. Morgan International Finance Limited (100%)J.P. Morgan Capital Holdings Limited (100%)J.P. Morgan Securities plc (100%) 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi JTC Fund Solutions (Jersey) Limited, SecretaryPlace of completion Jersey Date of completion 30 May 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
3 days ago
- Business
- Associated Press
Inheritance Tax for UK Nationals Living Abroad: The Newly Introduced Residence-Based Regime
05/28/2025, Paphos 8035 // PRODIGY: Feature Story // Following Labour's formation of a new government, Chancellor Rachel Reeves hinted strongly at proposals to rethink inheritance tax exposure for long-term overseas expatriates. This was borne out in the announcements made during the Autumn Budget, which came into force at the start of the 2025-26 tax year. Coupled with reforms to the non-dom tax regime and Overseas Transfer Taxation on cross-border pension transfers , these changes may significantly impact the tax planning and decisions made by expatriates splitting their time between the UK and other countries, and where they choose to base their primary homes. Chase Buchanan Wealth Management , an international group of accomplished wealth managers and financial advisers, has explained the changes, how they may affect expatriates, and how the new residence-based inheritance tax scheme will work. Changes to the UK's Domicile-Based Inheritance Tax System Domiciliary status has long been a headache for expatriates, many of whom continued to bear some exposure to UK inheritance tax long after they had relocated overseas and settled as permanent tax residents in other jurisdictions. That is because changing domicile can be complex and costly, and a proportion of expatriates simply didn't realise that their tax residency and domiciliary positions were two very different things, leaving families and heirs with sizable inheritance tax burdens they hadn't planned for. From this tax year onward, the positive is that your domiciliary status is no longer relevant. Instead, HMRC will assess the inheritance tax liabilities linked to an estate based on how long the individual had been an overseas resident. Currently, that means any UK citizen who has lived continuously overseas since 5th April 2015 or earlier will not have a UK inheritance tax obligation linked to assets based in another country. The exclusions apply to assets based in the UK, including residential real estate assets, which may still be subject to the tax. The idea is that once a long-term overseas expat has been a resident elsewhere for 10 years, their estate and beneficiaries will no longer be liable for UK inheritance tax against their non-UK assets. However, the opposite also applies. Therefore, non-UK assets will fall within the scope of British inheritance tax following ten years of UK residency if a foreign national from elsewhere, or a British expat, decides to return. How British Expats Will Be Assessed for UK Inheritance Tax Going Forward It is essential to reiterate that the new scheme does not mean that being classed as an overseas resident automatically exempts any British citizen, and their estate, from inheritance tax. Instead, it means that when an expatriate settles in another country, their assets outside of the UK may be excluded from the scope of UK inheritance tax from ten years onward. Much will depend on the specifics of their tax residency position and whether they meet the criteria to be considered long-term overseas residents. This is ascertained using the Statutory Residence Test, which HMRC and the UK authorities already use to determine whether an individual is a tax resident in the UK and, therefore, subject to British taxation against their worldwide income and assets. Other countries use similar rules to decide whether a foreign national resident is exposed to domestic tax only on their locally based assets and income sources, or against all of their wealth and earnings. While the system is fairly complex and involves a series of tests, which look at aspects such as the individual's primary home, where their main income arises, the location of their immediate family members, and their investment or business interests, the Chase Buchanan team can, of course, assist with this. What Does a Residence-Based UK Inheritance Tax System Mean for Expatriates? The ramifications may vary between individual estates, families, and taxpayers. Still, the immediate takeaway, as we've mentioned, is that a person who has lived abroad for at least ten years is unlikely to now have any inheritance tax levied on their estate, at least against assets held outside of the UK. Likewise, an expatriate might decide to restructure their assets, set up trusts and other funds, and gift non-UK assets to loved ones and family members without any concerns about how this could affect their beneficiaries' future tax liabilities. We also expect these reforms to have a material effect on decision-making, particularly for expatriates who may have been considering a return to the UK and those currently planning a relocation and making decisions about whether to liquidate, sell, or transfer UK assets to another tax jurisdiction. That said, it remains crucial to be conscious of succession, inheritance, wealth, and estate taxes in other countries. Being exempt from UK inheritance tax or with a minimal liability by no means limits the tax obligations that could arise in a person's country of residency or affect their nominated heirs. Expatriates who opt to remain non-UK tax residents may no longer need to factor in UK inheritance tax or make decisions about whether to work through the process of establishing a new domicile. However, they will still need to ensure they are fully conscious of how the Statutory Residency Test works, and how, for instance, retaining a UK home may influence the outcomes of that assessment. How Does the New Foreign Income and Gains Regime Factor Into Inheritance Tax Reforms? As a final note, one of the additional announcements relates to the Foreign Income and Gains (FIG) regime, which also took effect from 6th April 2025. This rule means that expatriates who have been non-residents for ten continuous years and choose to return to the UK can take advantage of a four-year exemption. During that initial four years, they may be able to claim UK tax relief against foreign incomes and gains, including those they receive personally and through a trust. This is in a bid to incentivise affluent expatriates to consider a return and make it more tax-efficient to relocate to the UK and bring investment assets and wealth with them. As with all of the topics discussed here, the benefits, tax efficiencies, and impacts on your overall tax position should always be reviewed with help from an experienced global tax adviser. Read more about Chase Buchanan - Experienced Tax Specialists at Chase Buchanan Wealth Management Reflect on the Changing 2025 Global Economic Landscape About Chase Buchanan Private Wealth Management Chase Buchanan is a highly regulated wealth management company that specialises in providing global finance solutions for those with a global lifestyle. We are global financial advisers, supporting expatriates around the world from our regulated European headquarters, and local offices across Belgium, Canada, Canary Islands, Cyprus, France, Malta, Portugal, Spain, UK and the USA. All investments carry risk, including the potential loss of capital. You should carefully consider whether investing is suitable for you, taking into account your personal circumstances, financial situation, and risk tolerance. Chase Buchanan Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence 287/15. Source published by Submit Press Release >> Inheritance Tax for UK Nationals Living Abroad: The Newly Introduced Residence-Based Regime
Yahoo
6 days ago
- Business
- Yahoo
Best Non UK Casinos: Rolletto Named the Top Casino Site That Accepts UK Players
Limassol, Cyprus, May 26, 2025 (GLOBE NEWSWIRE) -- Discovering the best non-UK casinos can revolutionise your online gaming—especially if you're a UK player hungry for bigger bonuses, unique games, and fresh thrills beyond standard local brands. Leading this charge is Rolletto, a standout platform that combines an expansive range of slots, immersive live dealer tables, and effortless usability. JOIN THE TOP NON UK CASINO TODAY: ROLLETTO From classic casino favourites to thrilling international titles, this site promises an unmatched gaming adventure. Ready to elevate your casino experience? Keep reading to discover exactly why Rolletto is your ticket to next-level gaming excitement! Why Rolletto Stands Out Among Non UK Casinos Rolletto Casino has rapidly risen in popularity among UK players, largely due to its player-centric approach. Here are several reasons why it remains unmatched: Generous Welcome Bonus Rolletto offers UK players an impressive welcome bonus of 150% up to £500, alongside 50 free spins. Such generosity is rarely matched by UK-based casinos, providing immediate value from your first deposit. Extensive Gaming Selection Rolletto boasts a vast catalogue of games, including online slots, blackjack, roulette, baccarat, video poker, and live dealer games. With hundreds of titles available from top developers, every preference is catered for, ensuring endless entertainment. User-Friendly Interface Navigating Rolletto is effortless thanks to its intuitive, visually appealing layout. Players can easily find their favourite games, promotions, and support options without hassle. Strong Player Security Security is paramount at Rolletto, ensuring all transactions and personal data remain protected with advanced SSL encryption. This peace of mind allows UK players to gamble confidently. Dedicated Customer Support Rolletto's support team is always accessible, providing reliable assistance through live chat and email, ensuring a smooth gaming experience even outside traditional UK business hours. Flexible Payment Options Players enjoy quick and hassle-free transactions, thanks to Rolletto's wide range of secure payment methods that are highly trusted in the UK, including debit cards and popular e-wallets. Mobile Optimisation Rolletto Casino excels on mobile devices, allowing UK players to enjoy their favourite casino games wherever they go, with smooth gameplay and seamless functionality across all platforms. CLAIM THE 150% BONUS UP TO £500 + 50 FREE SPINS AT ROLLETTO! Getting Started at Rolletto Casino in Minutes Joining Rolletto Casino is remarkably straightforward. Here's a step-by-step guide for UK players looking to get started quickly: Step 1: Registration Visit the Rolletto website and click "Sign Up." Complete the registration form by entering basic personal details. Confirm your account through the verification link sent via email. Step 2: Making a Deposit Log in to your new Rolletto account. Navigate to the cashier and choose your preferred payment method. Enter the amount you want to deposit and confirm the transaction. Step 3: Claiming Your Bonus After making your deposit, select the bonus option during the deposit process or contact support directly. Ensure you meet the minimum deposit requirement to activate your 150% bonus and 50 free spins. Step 4: Playing Games Once your account is funded, browse Rolletto's extensive selection of casino games. Select your favourite games and start playing immediately. Free spins can be activated in your account's bonus section. Within minutes, you'll be ready to explore and enjoy one of the best non UK casinos online, effortlessly accessing your favourite games with outstanding bonus rewards. What UK Players Should Consider When Choosing Non UK Online Casinos Players looking to enjoy casino gaming outside the UK jurisdiction should consider several essential factors: Licensing and Regulation Verify the casino's legitimacy through licensing by reputable international gambling bodies. Rolletto holds a credible licence ensuring fairness and security. Game Variety A diverse game selection is crucial to maintaining enjoyment and excitement. Choose casinos offering various slots, table games, and live dealer options. Bonus Offers Generous welcome offers and regular promotions enhance your gameplay. Rolletto's 150% bonus plus free spins significantly boost your initial gaming funds. Security and Privacy Ensure robust encryption protocols are in place to safeguard your personal and financial data. Rolletto employs industry-leading security measures to guarantee player safety. Payment Methods Opt for casinos offering convenient and trusted UK-friendly payment options. Rolletto accommodates popular and secure UK methods like debit cards and e-wallets. Customer Service Quality Reliable, 24/7 customer support ensures smooth gaming experiences and quick issue resolution. Rolletto provides professional, responsive customer support accessible anytime. Best Online Casino Games at Non UK Casinos UK players often prefer non UK casinos due to greater flexibility and broader gaming choices. Rolletto meets these expectations by offering: Online Slots: Hundreds of exciting slot titles with engaging themes and rewarding features. Classic Table Games: Roulette, blackjack, baccarat, and poker are widely available with multiple variants. Live Casino Experience: Real-time gaming with professional dealers adds authenticity to your online gambling sessions. Specialty Games: Instant win and niche games offer further variety for adventurous players. PLAY ONLINE CASINO GAMES AT ROLLETTO Mobile Gaming for UK Players at Rolletto Casino For UK players who prefer gaming on the go, mobile performance is crucial. Rolletto excels by providing: Fully Optimised Mobile Platform: No downloads necessary—play instantly via your mobile browser. Smooth and Intuitive Interface: Effortlessly navigate through games and promotions. Wide Mobile Game Selection: Access to the majority of casino games, from slots to live dealer tables. Secure Mobile Payments: Complete transactions swiftly and securely from your smartphone or tablet. Claiming Non UK Casino Bonuses Safely Rolletto Casino simplifies bonus claiming for UK players: Clearly stated bonus terms to avoid confusion. Reasonable wagering requirements, ensuring your bonus funds are achievable and fair. Transparent eligibility conditions, allowing players to understand precisely how to benefit from promotions. Tips to safely claim your bonuses at Rolletto include: Always review wagering requirements and terms before accepting bonuses. Deposit using supported payment methods to easily activate offers. Contact support immediately if you have questions or issues. Trusted Payment Methods at Non UK Casinos When playing at Rolletto, UK players benefit from convenient and reliable payment options: Debit Cards (Visa/Mastercard): Instant, secure, and widely trusted by UK players. E-Wallets (Neteller, Skrill): Rapid, secure, and offer enhanced privacy. Bank Transfers: Ideal for larger transactions with high security. Prepaid Cards: Great for managing your gambling budget effectively. Rolletto prioritises transaction security, ensuring UK players feel confident depositing and withdrawing their winnings. Top Tips for Success at Non UK Casinos Enhance your Rolletto experience with these helpful tips: Understand casino terms and conditions clearly before depositing. Set sensible betting limits and budget your gaming sessions responsibly. Take advantage of promotional offers to maximise your casino bankroll. Familiarise yourself with game rules to improve your winning chances. Use demo modes to test strategies without financial risk. Regularly check for new games and promotions to refresh your gaming experience. Stay disciplined, avoiding impulsive decisions. Monitor bonus wagering progress through your account settings. Final Thoughts on Non UK Casino Sites That Accept UK Players Non UK casinos like Rolletto offer UK players fantastic opportunities to enjoy casino gaming without restrictive regulations. With generous bonuses, excellent game variety, reliable payment methods, and robust security measures, Rolletto stands as a premier choice for UK players seeking a superior gaming environment. Whether you're new to online casinos or seeking better alternatives, Rolletto consistently delivers excitement, rewards, and trustworthy experiences—making it a standout among non UK casino platforms. Editorial NoteThis article is provided solely for informational and entertainment purposes. Nothing within should be interpreted as legal, financial, or professional advice. Readers should carry out their own research before participating in any gambling activities or signing up with any online casinos CautionOnline gambling comes with financial risks and may lead to addictive behavior or monetary loss. We urge all readers to gamble responsibly. If you or someone you know is struggling with gambling, professional help is available. If you suffer from a gambling problem or suspect somebody you know does, then we strongly suggest that you call the National Gambling Helpline at 0808-8020-133 to talk with an advisor for help and to make gambling safer for you or your loved ones.18+ only. It is up to each individual to verify whether online gambling is permitted under their local, state, or federal laws. Neither the publisher, the authors, nor any syndication partners condone or support unlawful gambling. Participation in online gambling is done at the reader's own discretion and risk. Affiliate Transparency This article may include affiliate links. If you click on a link and make a purchase or register, a commission may be earned, at no extra cost to you. Syndication and Liability Disclaimer Any third-party publishers, media platforms, or syndication partners that republish this content do so understanding that it is meant for informational purposes only. These entities are not responsible for the legality, accuracy, or interpretation of the material. CONTACT: Rolletto Address: Poreias, 2 3011, Limassol, Cyprus Website: Email: support@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
6 days ago
- Business
- News18
What Are UK's New Immigration Rules? How Students & Workers Will Be Impacted
Last Updated: Foreign workers will need a degree-level qualification to apply for skilled worker visa instead of the equivalent of A-level. Language requirements for all work visas will increase The UK government wants to lower immigration under new tighter rules as proposed by the Labour party. Prime Minister Keir Starmer said the measures, published in the 'white paper', would make the system more 'controlled, selective and fair". What Are The Key Measures Proposed? Work Visa Threshold Raised: Foreign workers will now need minimum a degree-level qualification to apply for skilled worker visa instead of the equivalent of A-level. This higher threshold will not apply to those already in the UK renewing their visa. But the government expects it will prevent new visa applications for around 180 jobs, reducing immigration by around 39,000 a year by 2029. Lower-qualification visas will be capped and restricted to employers with a workforce training plan in place. Longer Residency Wait: The immigrants will typically have to live in the UK for 10 years before applying for the right to stay indefinitely – double the current five-year period. Although there will continue to be a shorter pathway to settlement for non-UK dependants of British citizens. Individuals will also have the opportunity to reduce the qualifying period based on their contributions to the UK economy and society. Social Care Visa Removed: While the government plans to close the social care visas for new applications from abroad, for a transitional period until 2028, visa extensions and in-country switching for those already in the UK with working rights will be permitted. Tougher English Tests: Language requirements for all work visas will increase, whilst adult dependents of visa-holders will be required to demonstrate a basic understanding of English to come on a spousal and partner route. Stricter Student Visa Rules: New graduates who have completed their study can stay in the UK for 18 months from the earlier two years. The government is also considering charging a 6% tax on tuition fee income from international students, which they are promising to reinvest into the higher education and skills system. No Cap On Immigration Number: The government stressed that it wants to 'significantly" reduce the immigration numbers. But the prime minister is not putting any cap on the overall level of net migration. The Conservatives say they would allow MPs to decide annual caps each year through a vote in Parliament. In her foreword to the white paper, Home Secretary Yvette Cooper said the government would also set out further reforms to the asylum system and border security 'in response to irregular and illegal migration" later in the summer. How Many Migrants In The UK? The number of people coming to the UK, minus the number leaving (net migration), was 728,000 in the year to June 2024, according to provisional figures from the Office for National Statistics (ONS). This was a 20% drop from the number of people who came in the 12 months to June 2023. The newly revised total for that period was 906,000, far higher than the previous estimate of 740,000. The ONS estimates that 1.2 million people expecting to stay at least a year came to the UK in the year to June 2024. It estimates that 479,000 left the UK. Of the 1.2 million who came to live in the UK, 5% (58,000) were British nationals, 10% (116,000) were EU nationals or from Norway, Iceland, Liechtenstein and Switzerland (EU+) and 86% (1 million) were non-EU+ nationals. As per the BBC report, of the 1 million non-EU nationals, 82% (845,000) were of working age (16 to 64 years), 17% (179,000) were children (under 16 years) and 8% (84,000) claimed asylum. What Are The Rules For Students? Home Office figures show 393,125 student visas were issued to foreign students in the year ending December 2024. That is 14% fewer than in the previous 12-month period, but still almost 50% higher (46%) than in 2019. In the year to December 2024, 21,978 visas were issued to student dependants, an 85% fall from the number issued in 2023. What Are The Salary Rules For Visa Applicants? Most people planning to work in the UK apply through Point-Based System (PBS). But since April 11, 2024, they have needed a job offer with a higher salary. Applicants have to earn at least £38,700 — an increase of nearly 50% from the previous £26,200 minimum. Applicants need 70 points to qualify for a skilled worker visa. This can last for up to five years before it needs to be extended. You get 50 points from having a job offer above a minimum skill level, and speaking English. The remaining 20 points are added from a higher salary, working in a sector with job shortages, or having a relevant PhD. The standard fee for a skilled visa is usually between £719 and £1,639, depending on your circumstances. What About Family Visas? If you want to live with a relative who is a British citizen or someone who has the right to live in the UK for more than six months, you need a family visa. Around 86,000 family-related visas were granted in the year ending December 2024, 7% more than in 2023, as per Home Office figures. You have to demonstrate a good knowledge of English. The relative that you will live with in the UK has to meet the minimum income threshold. This was initially also due to rise to £38,700 — a sharp increase from the previous £18,600 figure. But after warnings the new rules risked separating families, the previous government dropped the new minimum to £29,000. tags : News18 Explains UK immigration uk jobs Location : New Delhi, India, India First Published: May 26, 2025, 08:25 IST News explainers What Are UK's New Immigration Rules? How Students & Workers Will Be Impacted | Explained
Business Recorder
7 days ago
- Business
- Business Recorder
Pound higher against dollar
LONDON: The pound traded at its highest in over three years on Friday, heading for its largest weekly gain against the dollar since early April, thanks in part to unexpectedly robust UK retail sales data and to ongoing investor unease around US assets. Sunny weather boosted British consumer spending in April. Retail sales volumes jumped by 1.2% month-on-month, the Office for National Statistics said on Friday after a downwardly revised 0.1% increase in March. Economists had forecast a rise of 0.2%. Sterling has gained 1.5% this week and on Friday hit a high of $1.3468, the most since February 24, 2022, when Russia invaded Ukraine, sparking a global flood of money into safe-havens like the dollar. Just over three years later and the investor nervousness about the outlook for the global economy that would normally have funnelled cash into the dollar is sucking capital out of US markets, which are now the epicentre of the uncertainty. US President Donald Trump's erratic application of hefty tariffs on trading partners - even with the pauses and outlines of deals that have ensued - have generated the most uncertainty among investors in years. To boot, Trump's sweeping tax and spending bill that will strain US government finances even further by adding trillions of dollars in debt, has made investors wary of long-dated government bonds, even those outside elsewhere, such as UK gilts. Higher gilt yields have made sterling more attractive to non-UK investors, but the concerns around public finances mean Britain has the highest government borrowing rates in the developed world, with 30-year gilt yields topping 5.5% on Friday, despite news that energy bills were set to drop. 'This is a sign that the market remains wary of lending to the UK while the government still does not have control of public spending, even if the decline in the energy price cap is adding downward pressure on short term yields this morning,' Kathleen Brooks, XTB research director, said. 'The bond market has dictated UK fiscal policy before, and it could do so again now that bond markets remain volatile.'
