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.
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