Non Doms - further guidance issued
HMRC have now published the promised detailed guidance on the taxation of Non Domiciled UK Residents and the Remittance Basis following the changes in last year’s Finance Act 2008. The guidance can be found on the HMRC Website and runs to over 400 pages. It is slightly disconcerting to note, from the introduction to one of the documents, that….
“….extra examples will be added to illustrate the working of the rules in less straightforward circumstances.”
So, we’ve just got the simple stuff for now!
It is expected that there will be some amendments to the rules announced in the forthcoming Budget.
We will be blogging on Tax Plus Blog and SME Plus Blog on Budget day. If you do not already subscribe to our blogs click here for Tax Plus Blog or here for SME Plus Blog to ensure you get our comment and analysis as and when it happens.
