Tory peer in tax exile furore
Lord Laidlaw still a tax exile despite agreeing three years ago to change his status as a condition of his appointment as a peer
Lord Laidlaw still a tax exile despite agreeing three years ago to change his status as a condition of his appointment as a peer
Lord Laidlaw is still a tax exile despite agreeing three years ago to become
resident in the UK for tax purposes as a condition of becoming a Tory peer.
The
BBC
has reported that Laidlaw contacted the
Lords Appointments
Commission three weeks ago to explain why he was still not a UK
resident for tax purposes. Laidlaw cited a number of personal reasons, but added
that he still intends to give up his status.
Although the commission has no punitive powers it intends to publish the
details in a few weeks’ time, according to reports.
The committee, from last year, does not consider an individual for a peerage
if the nominee is not a UK resident for tax purposes.
Further reading:
Press reaction to HMRC’s tax amnesty
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceHMRC sees the profit or loss made on buying and selling of exchange tokens as within the charge to Capital Gains Tax (CGT). Read More...
View articleThe recent IR35 case involving former Liverpool footballer and Sky Sports presenter, Phil Thompson, has drawn attention to the complexities and implic...
View articleFrom January 1, 2024, HMRC will implement new tax rules affecting individuals who sell items on platforms like Etsy, Depop, and Vinted. The new regula...
View articleHMRC reveal a small majority of people are soldiering a significant proportion of income and capital gains tax, following FOI request. Data has reigni...
View articleSteven Pinhey, technical officer at the Association of Taxation Technicians (ATT), considers how the rules on deductible expenses work in a social med...
View articleATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleThis was the fourth largest borrowing year since records began in 1993 Read More...
View articleATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...
View article