TaxPersonal TaxTax changes to hit foreign-based workers

Tax changes to hit foreign-based workers

Reform of the tax rules for foreigners working in the UK could see them paying more tax, although there could be tax breaks for skilled workers on contract from abroad.

Link: Wealthy foreigners to lose tax benefits

Among the proposals being considered by the Treasury is the possibility that foreigners who have lived in the UK for decades, but claim to be domiciled outside the country, could now become liable for tax on their worldwide income and capital gains.

However, foreigners with special skills who come to the UK for a limited time on special visas, could be given tax incentives for the duration of their stay.

It is estimated that the Treasury could pull in revenues of between £1bn and £1.5bn through reform of tax laws for foreigners.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5h Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter