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The UK tax rules for non-domiciled individuals were thrown into confusion by the proposed reforms to apply from 6 April 2017 not being included in the Finance Act 2017, however, the Government has now confirmed that the Finance Bill due to be published in September 2017 will include the proposed reforms and that they will appl
A Tax Tribunal has now agreed that HMRC’s view, and their published guidance on tax returns, is incorrect under the law.
Following the election result 2017, many are still left in limbo regarding their current UK tax position, at least until the next Finance Bill is published.
Several widely trumpeted tax measures that were going to be introduced by the Government have belatedly been withdrawn from the draft Finance Bill 2017.
The VAT Flat Rate Scheme is an effective way of managing VAT reporting by being far more straightforward to operate than the standard VAT basis.
It is time for non-domiciled “Expat” individuals to consider their offshore banking arrangements if they wish to continue claiming Overseas Workday Relief on an efficient basis.
Plans to increase the main rate of National Insurance for self-employed individuals have been cancelled in a quick U-turn from the Chancellor.
Without a strategy in place it is easy to find yourself with no options for Inheritance Tax mitigation just when you need it the most, and an unnecessary 40% Inheritance Tax liability.
On 8 March 2017, Philip Hammond gave his first Spring Budget as Chancellor. The main tax announcements out in this summary.
The Domicile Reforms means that those deemed UK domiciled from 6 April 2017 will pay UK tax on worldwide income/gains & not on the “remittance basis”.