Autumn Budget Statement 2016: Non-dom Update

Non-dom Reform – Autumn Budget Statement 2016  The Chancellor, the Rt. Hon Phillip Hammond, confirmed today that the proposed reforms to the taxation of UK resident non-domiciled individuals will go ahead in April 2017 as intended. This was revealed in today’s Autumn Budget Statement 2016  from HMRC although the Chancellor refrained from commenting on it in…

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UK Treasury U-turn seen likely on offshore trust reforms, Mark Davies comments in International Investment

The UK Government is expected to pull back significantly from proposed changes to the way the offshore trusts of “non-dom” UK residents are taxed, in response to warnings that they could send wealthy foreigners fleeing.    For the moment, the Treasury hasn’t issued a statement on the matter. However, industry sources have reported that a re-think…

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“There is so much to be done, tax advisers are going to run out of time” Mark Davies comments in Financial Times regarding upcoming Non-Dom changes

Mark Davies comment’s have been published in the Financial Times online. Click here to read the article on the Financial Times website or continue reading below. Lawyers prepare for deluge of UK non-dom tax work Advisers told to limit holidays before rule changes next year Scores of lawyers and trust experts have been told to limit…

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Tax Director Jon Elphick writes ‘How athletes will be affected by the UK’s changes to “non-dom” tax rules’ for Law in Sport

Jon Elphick, Tax Director for Mark Davies & Associates  writes ‘How athletes will be affected by the UK’s changes to “non-dom” tax rules’ for Law in Sport. Read the full article below or click here to go to Law in Sport’s website.   On 8 July 2015, the UK government announced its intention to reform…

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Consultation on non-dom and IHT reforms, Mark Davies feature article in Taxation Magazine

Mark Davies article ‘Consultation on non-dom and IHT reforms’ has been published in the latest issue of Taxation Magazine. Click here to see the article on their website, or continue reading below. The government is pressing ahead unwaveringly with its latest set of proposals to reform the UK tax regime for non-doms. George Osborne, the former Chancellor,…

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