Thousands of foreign employees who are ‘not ordinarily resident’ face
‘intrusive, costly, and sometimes quite pointless’ new rules over their foreign
Around 30,000 foreign employees who enjoy the status will suffer new
compliance demands if they bring money into the country. They may not have to
pay more tax, but will have to conduct details analyses of their overseas
accounts if they transfer money to the UK, the FT reported.
The changes mean calculating their ‘remittances’ to the UK much more
frequently and in more detail.
Andrew Hodge, head of employer and personal taxes at Deloitte said: ‘How can
anyone believe that such a complex regime is suitable to individuals other than
the very wealthy.’
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC
An examination by the Public Accounts Committee (PAC) has revealed serious concerns relating to HMRC’s plans