US envoys are making last ditch attempts to have non-dom proposals fine-tuned
so that American citizens avoid a double taxation hit.
Plans are in place to charge non-domiciled residents an annual levy of
£30,000 if they have been working in the UK for more than seven years, but the
particular wording of the legislation may see US citizens suffer twice because
they cannot offset the charge against US tax on worldwide income.
Richard LeBaron, charge d’affaires for the US embassy in London told the
Financial Times: ‘The embassy has been consulting widely and hearing the
concerns of American companies and taxpayers in the UK. We are communicating
those concerns to HM Treasury and others in the UK government as part of our
regular dialogue with them.’
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy