Understanding UK and China Taxes: An Important Event For Cross-Border Business

Beijing, China, October 3, 2016 /ChinaNewswire.com/ - LehmanBrown, the China-focused accounting, taxation and business advisory firm, is holding its next tax event in association with the British Chamber of Commerce in China on October 17, 2016. This free event headlines two top speakers ready to engage and introduce the audience to important information for UK expatriates and Chinese nationals engaged in Sino-British endeavours.

The "Understanding UK tax and China tax update – A Guide to UK Expatriates and Chinese Nationals" presents Alastair McQuater, partner at Buzzacott LLP, and Russell Brown OBE, founder and managing partner at LehmanBrown. The two experts will discuss how UK tax regulations have changed in recent years.

Alastair McQuater is a partner in Buzzacott LLP's business tax team, working primarily with cross border businesses and businesses in the financial services and professional practice sectors together with their owners. Alastair speaks regularly on business tax issues to a range of audiences including clients, contacts and member firms of our international association. Alastair is a Chartered Accountant and Chartered Tax Adviser and has been a partner since 2002 and before that led the tax team of a Thames Valley firm. Alastair will speak on The UK tax system for national and non-nationals and investing in the UK.

Russell Brown OBE is founder and managing partner of LehmanBrown, a China-focused accounting, taxation and business advisory firm. The firm operates in Beijing, Hong Kong and five other offices across China, employing around 200 professionals. Russell has over 29 years of professional experience, and has spent 22 years living in China to establish and develop businesses. Prior to founding LehmanBrown, Russell was Global CFO of one of the world's largest public relations and communications consulting companies. Russell will speak on the importance of tax planning when living abroad and China tax updates

This high-level event will cover UK residency rules, where it is not simply a case of counting your days, but applying a series of tests linked with connections to the UK. Where a combination of number of days in the UK, and these connections pass thresholds, then a person could be liable for UK tax. It is therefore important for any UK or Chinese citizen who regularly visits the UK and has business and family connections with the UK to understand these tests.

There are also taxes applied to property and investments, as well as things that can be done to exempt or reduce these. And if businesspeople are moving back to the UK or planning to move to the UK for the first time, planning can be done in advance to significantly reduce taxes. This event aims to provide a basic understanding of what everyone needs to think about for UK taxes, whether investing in the UK, visiting regularly, or moving to live in the UK.

The event will also look at the importance of tax planning when living abroad or planning to live abroad and an update on China individual income tax and the tax environment.

The event takes place on Monday, October 17, 2016, from 6:30pm – 9:00pm at The Capital Club, 50/F Capital Mansion, 6 Xin Yuan Nan Road, Chao Yang District, Beijing. Entry is free for pre-event registrations, so please be sure to confirm your attendance via email to events@lehmanbrown.com or steve.lynch@cbbc.org.cn.

Topics to be covered at the event:
– The UK tax system for non-nationals
– The importance of residence and domicile
– Visa requirements (general)
– Offshore trust structures
– Investing in UK businesses (including property investment and development)
– Inheritance tax
– UK residential property
– Business tax in the UK
– Costs of being in the UK
– China tax environment
– China tax update
– Personal tax
– UK China Double Tax treaty
– Employment taxes
– UK as a holding company location
– Coming to the UK

About LehmanBrown
LehmanBrown is a China-focused accounting, taxation and business advisory firm, operating in Beijing, Shanghai, Hong Kong, Macau, Shenzhen, Guangzhou and Tianjin. The firm also manages an extensive affiliate network, providing service throughout China.

Combining years of international expertise with practical Chinese experience and knowledge, LehmanBrown offers expert advice and support to both local and international clients. Clients enjoy access to senior, experienced professionals from China and many other countries.

At LehmanBrown we recognise that you are unique, and you have unique requirements. We are committed to providing individually tailored financial solutions to each of our clients. LehmanBrown is dedicated to providing personalised service by working closely with our clients to understand their individual business requirements. This enables us to offer our clients the most up-to-date and expert advice for all their unique needs. Visit us for more information at http://www.lehmanbrown.com