Edward Reed and Damiano Sogaro (Macfarlanes) report on the latest on information notices, nudge letters, penalties and more.
Non-dom reforms: the latest
Much ink has been spilled already regarding the proposed non-dom reforms.HMRC was very much in ‘listening’ rather than communicating mode at recent listening events and insight gathering sessions held over the summer period. HMRC did not engage in any substantive debates or provide additional information on details of the new regime.
In the last few weeks Oxford Economics has also published its research (commissioned by Foreign Investors for Britain) on the impact of the proposed reforms to the non-dom regime. The research was based on responses to surveys by 73 non-doms and 42 tax advisers (said to represent 952 non-dom clients). The main points made by the report are:
98% of remittance basis users will leave the UK sooner if the reforms are enacted....
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
Edward Reed and Damiano Sogaro (Macfarlanes) report on the latest on information notices, nudge letters, penalties and more.
Non-dom reforms: the latest
Much ink has been spilled already regarding the proposed non-dom reforms.HMRC was very much in ‘listening’ rather than communicating mode at recent listening events and insight gathering sessions held over the summer period. HMRC did not engage in any substantive debates or provide additional information on details of the new regime.
In the last few weeks Oxford Economics has also published its research (commissioned by Foreign Investors for Britain) on the impact of the proposed reforms to the non-dom regime. The research was based on responses to surveys by 73 non-doms and 42 tax advisers (said to represent 952 non-dom clients). The main points made by the report are:
98% of remittance basis users will leave the UK sooner if the reforms are enacted....
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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