TaxAdministrationMultinationals unprepared for non-dom rules

Multinationals unprepared for non-dom rules

Latest KPMG research shows multinationals are yet to deal with issues surrounding UK’s non-dom tax rules

Multinationals employing globally mobile staff are unprepared when dealing
with the issues arising from Britain’s new tax rules for non-domiciled
residents, according to a newly released survey by
KPMG in the UK.

The KPMG report shows most respondents, who were HR professionals with
responsibility for international assignments, said the changes to the non-dom
tax rules were unlikely to affect their assignment selection processes.

However, when questioned on their likely reaction to specific issues such as
whether they would be prepared to pay any additional UK tax the employee or
their spouse could incur as a result of the rules, a significant proportion of
the respondents appeared to have no firm policies.

‘Despite the non-dom rules’ complexity, it is surprising that large global
employers have not made greater progress in adapting to this new legislation
which has been in force since 6 April this year. It may well be the case that
UK-based HR professionals are struggling to get these issues discussed outside
the UK or amend global policies to reflect these peculiarly British rules,’
Sarah Robert, KPMG international executive services director in the UK, said.

Further reading:

Non-dom tax rules ‘unworkable’, tax experts say

Non-doms still in love with the UK

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