United Kingdom: Economic Analysis

The UK determines tax residence based on the Statutory Residence Test (SRT). While the rules can be complex, incorporating five Automatic Overseas Tests, four Automatic UK Tests, eight potential split year cases, and the sufficient ties test (with five possible ties), in many cases the outcome ultimately turns on a simple metric: the number of days spent in the UK.

There are a number of potential tax advantages when using FICs, including Inheritance Tax, but these will vary depending on the size

The global business environment in 2026 is characterised by a level of uncertainty that many companies have not experienced in decades. Geopolitical tensions and instability in strategic regions have led to disruptions to international shipping routes.

It is often said that those with the broadest shoulders should bear the heaviest loads. This principle is clearly reflected in the UK tax system, where individuals with a greater ability to pay, contribute a larger share of the overall tax burden.

As we approach the end of the 2025/26 tax year, now is the ideal time to review your personal tax position and assess whether you are making full use of the reliefs and allowances available.

Welcome to BCL's latest sanctions round-up, highlighting key UK and international developments in sanctions law and compliance.

While consumer product companies continue to face stiff headwinds—from margin pressure and retailer pushback to changing consumer priorities—a standout group of growth leaders has found strategic ways to scale.

The Financial Reporting Council (FRC) has issued significant amendments to FRS 102 and the treatment of revenue recognition and lease accounting.

From January 2026, UK taxpayers who use crypto-assets will face new reporting obligations under regulations aligned with the OECD's Crypto-Asset Reporting Framework (CARF).