What is happening in the U.K.? - A review of the tax treatment of non-domiciled individuals.

Over the last decade the U.K. has seen many changes to the tax treatment of non-domiciled individuals in the U.K. and significantly increased the focus on the “offshore” world. In this webinar, we will review: The current status of the remittance basis of taxation The “simplified” tax residency rules (Statutory Residency Test) and COVID-19 reliefs HMRC’s changing attitude towards offshore trusts Foreign tax credit issues for US Persons living in the U.K. The “failure to correct” regime and other HMRC enforcement measures We will explore the current attitude of the U.K. Government towards incoming wealth and consider what this may mean for the future Brexit update on immigration, tax and regulatory rules

Mark Summers Partner Charles Russell Speechlys AG Iain YoungerFrank Hirth