Essential Tax Update on Budget 2015 for our international clients

An essential update for foreign domiciliaries and their advisers On 18th March George Osborne revealed his 6th and final Budget before the General Election. On the whole, there were few significant changes in personal taxation for the moderately well off.  The Chancellor set the tone when he said that the top 1% of earners will now…

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Mark Davies suggests that non-doms should be encouraged in a letter to Financial Times

Sir, I am surprised at the recent criticism of the “non-domicile” tax regime. My recent Freedom of Information request to HM Revenue & Customs revealed that there were only 110,700 non-doms in the tax year 2012-13 (the most recently available figures). Of these, 64,000 paid tax on their worldwide income and gains, with only 46,700…

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Autumn Statement – Significant announcements for nondoms

A tax update from Mark Davies & Associates Ltd Autumn Statement – 3 December 2014 George Osborne has delivered his final Autumn Statement before the General Election next year. As usual here are our comments directed at our non-dom clients and their advisers. Changes to the Remittance Basis Charge (“RBC”) Some foreign domiciled individuals, “nondoms”,…

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