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UK-resident Foreign Domiciliaries

Lynnette Bober, National Tax Consultant at Smith & Williamson, provides a run-down of salient points to remember in the January rush

 
Lynnette Bober National Tax Consultant at Smith & Williamson provides a run-down of salient points to remember in the January rush
 
The remittance basis regime changed fundamentally with effect from 6 April 2008 meaning that 2008/09 is the first tax year for which the new remittance basis regime applies. This article seeks to highlight some time-critical issues and provide an overview of some key practical points pertaining to the completion of 2008/09 tax returns for UK-resident foreign domiciliaries. An understanding of the main Finance Act 2008 (FA 2008) changes and the Finance Act 2009 (FA 2009) modifications is assumed.
 
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