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.’
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