An estimated 3,000 of the UK’s wealthiest residents are set to leave the
country as a result of the clampdown on their beneficial tax regime, the
Treasury has said.
Foreign citizens or ‘non-doms’ based in the UK are exempt from tax on their
offshore income, but will face an annual charge of £30,000 after residing in
Britain for seven years.
The plan, which comes into effect next April, has been criticised for
damaging London’s reputation as financial centre since it may effectively drive
away the wealthiest citizens.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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