Mark Davies helps Lucy Warwick-Ching to answer a vexing question:- I am a UK resident and pay tax on UK sources of income and gains. But because I’m not domiciled here I only pay tax on foreign income and gains if I bring those monies to the UK. I manage how I segregate my sources…Details
SRT – HMRC Guidance In force since 6 April 2013, the new Statutory Residence Test (SRT) will be receiving Royal Assent in July. HMRC Preparation In preparation for this welcomed change, HMRC have started the ball rolling by releasing new material so that taxpayers can get up to speed. This week a new webpage was…Details
EBT dividends to be chargeable under PAYE and NIC April 2013 PA Holdings Ltd (PA) has withdrawn its appeal to the Supreme Court regarding the decision by the Court of Appeal that dividends paid to the employees via an employee benefit trust structure were in fact bonuses and subject to both PAYE and NIC. The mechanism…Details
Mark Davies of Mark Davies & Associates Ltd was recently interviewed by Finance Monthly and shares his thoughts on tax planning and policy affecting non doms.
Read the full article here.
The increasing desire to eliminate tax evasion has marched on this week, led by representatives from the G5 who have agreed to a new initiative. In a letter dated the 9 April 2013 to the EU tax commissioner, the G5 ministers declared their agreement for a pilot scheme whereby a wide range of financial information…Details
We are pleased to announce that MDA has recently been recognised as the Estate Planning Firm of the Year by Finance Monthly. The full awards can be found here and we can be found on page 33.