Articles & News

NEW UK GAAP – WHAT DOES IT MEAN FOR JERSEY AND ARE YOU READY?

United Kingdom Generally Accepted Accounting Practice (“UK GAAP”) for companies not currently preparing their accounts under International Financial Reporting Standards (“IFRS”) has changed for accounting periods beginning on or after 1 January 2015. Since Jersey generally follows UK GAAP, being United Kingdom Accounting Standards and applicable law, the financial reporting …

5 QUESTIONS WITH SEAN O’FLAHERTY

What are you most proud of at work? Without question, our team here at Rosscot. They are our most valuable asset bar none. To be successful every company needs to have a good team in place to support the directors and to provide a personal, professional and quality service to …

PEOPLE YOU CAN COUNT ON

After a legacy spanning 44 years in Jersey, Rosscot has embarked on a brand re-vitalisation to communicate a new vision and an on-going commitment to doing business in Jersey

THE CHANGING UK TAX LANDSCAPE FOR NON-UK RESIDENTS OWNING UK RESIDENTIAL PROPERTIES

Overview Many non-UK residents (Jersey individuals, trustees, companies) hold UK residential property for personal use or investment purposes. Until 2013 non-UK residents could mitigate Capital Gains Tax (CGT) and Inheritance Tax (IHT) on UK residential property simply by holding it through an offshore company. The Finance Act 2013, HMRC introduced …